a query

Gary MacLennan g.maclennan at qut.edu.au
Sat Apr 28 20:02:26 MDT 2001


I am reading Galbraith's book on The Great Crash 1929.   I especially like
his assigning a role to "incantation".  this when everyone repeats
endlessly things are fine, things are fine, things are... That is exactly
the phase we are in at present in Australia.

However my query is (and please excuse an economic illiterate) what is meant by
Soon there will be margin calls, and still others will be forced to
sell.'(p113) what are margin calls??

regards

Gary




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