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Politics : PRESIDENT GEORGE W. BUSH
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To: E. T. who wrote (574260)5/12/2004 3:09:14 AM
From: AK2004  Read Replies (1) of 769670
 
re: But for me, the chart doesn't show the pain and suffering of super high interest rates in the early 80s

ok, have it your way, lets look at the interest rates

research.stlouisfed.org

and what do we see? Inflation is going out of control after 1976 and interest rates with it. Who was in the office at the time? I knew you would get that one right - Carter, Democrat.

Let see when the inflation (and interest rates) got broken. Hey, is not it a coincidence that it happened at the time when Dow started to go up - mid 80s. Remind me who was in the office at that time. That is right, it was Reagan, Republican. Are not you a bright little boy?

re: see the dip between 85 and 90.

deep indeed but the trend continued and when you get more money in your piggy bank to cover my consulting rates I'll give you another lesson <gggggg>
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