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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 142.62+2.2%3:59 PM EST
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To: Jim Willie CB who wrote (6434)7/31/1998 12:54:00 AM
From: Michael Sphar  Read Replies (1) of 10921
 
I was in Japan in '82 and was trading dollars for about 240 yen, if I remember right. Definitely over 200 yen at that time.

Interest rates weren't high in 73. I remember buying my first house in 75 and getting a mortgage at 8.25. Inflation was chugging along by then. Another factor driving real estate inflation at that time was the passage of laws dealing with banks recognizing all household income. Prior to 1973, household income only considered the male half of nuclear families. My how far we've come since then. Volker turned the interest rate heat up in the late 70s maybe 79. In 1982 we had a bank account yielding over 12%.
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