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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Perspective who wrote (40144)4/3/2024 10:43:04 AM
From: skinowski1 Recommendation

Recommended By
robert b furman

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I think your numbers for 2040 - minimum wage of $50, million dollar average home, 12% rates - are realistic. Back in the day, I had 2 mortgages at 12% each (later refinanced). 11% was a bargain.

Keeping “wealth intact” is a very serious concern. From the late 1960’s until the early 1980’s, the markets didn’t go very far, remained in a range - while the Dollar lost to the tune of 70% of its purchasing power. And - this happened one day at the time, very gradually. The only way to monitor it would be to run a bunch of relative strength charts. And - this wouldn’t be easy before computers.

Many years back, I calculated that - in order to get back your investment in INDU in 1968 dollars - plus a reasonable US Bond type profit - you would have to wait until somewhere in the mid-90’s.
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