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Strategies & Market Trends : The New Economy and its Winners
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To: Bill Harmond who wrote (30803)11/6/2006 2:03:35 PM
From: Lizzie Tudor  Read Replies (2) of 57684
 
I doubt fed funds ever does that again simply because they changed the methodology. Doesn't mean we don't have inflation though.

I was reading a book on Mary Wells the queen of advertising in the 70s (flick my bic, blown up jack in the box, plop plop fizz fizz, I heart NY), she was trying to help the Automakers like American Motors in the 70s. The big drama was that fuel prices DOUBLED in the 70s. Doubled! At least thats what it said in the book. Well our fuel prices have tripled in this decade, and we have no inflation but then, in the 70s they had 22%.

I am glad they changed the methodology because social security colas would have killed us.
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