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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Box-By-The-Riviera™ who wrote (4874)10/17/2001 11:31:31 PM
From: John Pitera  Read Replies (1) of 33421
 
Hi Joel, one very small note.. Nixon did not last long enough for the really expansive rise in interest rates, we saw
the heights reached in the Carter Administration and then staying high during the early Reagan years.

We basically had a double top in yield on the Yield curve once in 1979 and then in early 1981, I think it was.

but I know what your saying.... :-)

Of course when we really want to trash Nixon we just prance out the fact that he signed off on wage and price
controls in 1971...as if that was anything more than a band aid solution.-ng- a 90 day freeze...??

He also Signed off on the abdication of the gold standard.... you know he was quoted to have said I don't know
why we are doing this


It's amazing how they were such Cold war warriors back then and all decisions were viewed through the
prism of how it impacted our Cold War objectives and endgame, back then.

John
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