Bittersweet
“A juicy story! Yet New York was so far away, and the American financial structure something without the power to influence events in Australia the way British and European financial structures did. America was genuinely foreign, its affairs its own business, its politics severely isolationist when it came to the globe.
Charles Burdum saw 29th October in its true light, breathing a sigh of resigned relief. Yes, it had happened, but his funds as well as the hospital’s were safe. And better the re...ality than more months waiting for the unknown axe to fall. In the glare of reality a man could act. Nor would everything occur overnight. As to what its symptoms would be below the level of theoretical abstractions, Charles couldn’t in honesty know, beyond the fact that more and more men would be out of work, and that those who kept their jobs would be forced to accept reduced rates of pay. More property would be offered for sale, but fewer Americans would be buying. For no one, it seemed, had yet divined that what happened to the American financial market had the power to shatter every market in the world.MoreLess
Charles Burdum saw 29th October in its true light, breathing a sigh of resigned relief. Yes, it had happened, but his funds as well as the hospital’s were safe. And better the re...ality than more months waiting for the unknown axe to fall. In the glare of reality a man could act. Nor would everything occur overnight. As to what its symptoms would be below the level of theoretical abstractions, Charles couldn’t in honesty know, beyond the fact that more and more men would be out of work, and that those who kept their jobs would be forced to accept reduced rates of pay. More property would be offered for sale, but fewer Americans would be buying. For no one, it seemed, had yet divined that what happened to the American financial market had the power to shatter every market in the world.MoreLess
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