Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Crimson Ghost who wrote (71526)	5/25/2002 11:33:31 PM
From: limtex	Read Replies (2) of 99280

GSC - I thought that OPEC put the price of oil up in Oct 73 and there was the first use of an oil boycott the result of which was a massive tax on the Western World by OPEC and it associated gangsters. The result of that huge transfer of Wealth from the West was massive inflation that took years to work out of the system. And that cuased the collapse of the markets. What were interest rates and inflation during the 73 - 79 period? OK I don't know much about markets but with all due repsect I do think that ultra high inflation is more of a factor than crap like 'we need real fear in order to make a good bottom'. Best, L

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