Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: gerard mangiardi who wrote (28834)	9/15/1999 5:00:00 PM
From: MeDroogies	Respond to of 50167

Had he not raised them, conservation and cost savings measures were unlikely to have been instituted, which ultimately set up the current good times we've had since 1985 (barring the 2 quarter blip in 1992). The LBO groundwork, BTW, was laid years ago in groundbreaking work by Franco Modigliani (alum of my grad school). Milken happened upon it, and realized the power of what he had...and made it work. It would've worked at just about any point. Ironically, it would've worked ALOT better in the late 70's than in the mid 80's...

To: gerard mangiardi who wrote (28834)	9/15/1999 7:34:00 PM
From: Les H	Respond to of 50167

Most people don't look at the core rate when they ask for a raise. In any event, inflation was rampant in the core rate in 78-81 as seen in the data history for the core index less food and energy... 1978.01 63.1 1978.02 63.4 1978.03 63.8 1978.04 64.3 1978.05 64.7 1978.06 65.2 1978.07 65.6 1978.08 66.1 1978.09 66.7 1978.10 67.2 1978.11 67.6 1978.12 68.0 1979.01 68.5 1979.02 69.2 1979.03 69.8 1979.04 70.3 1979.05 70.8 1979.06 71.3 1979.07 71.9 1979.08 72.7 1979.09 73.3 1979.10 74.0 1979.11 74.8 1979.12 75.7 1980.01 76.7 1980.02 77.5 1980.03 78.6 1980.04 79.5 1980.05 80.1 1980.06 81.0 1980.07 80.8 1980.08 81.3 1980.09 82.1 1980.10 83.0 1980.11 83.9 1980.12 84.9 1981.01 85.4 1981.02 85.9 1981.03 86.4 1981.04 87.0 1981.05 87.8 1981.06 88.6 1981.07 89.8 1981.08 90.7 1981.09 91.8 1981.10 92.1 1981.11 92.5 1981.12 93.0 1982.01 93.3 1982.02 93.8 1982.03 93.9 1982.04 94.7 1982.05 95.4 1982.06 96.1 1982.07 96.7 1982.08 97.1 1982.09 97.2 1982.10 97.5 1982.11 97.3 1982.12 97.2 1978 shows about 8 percent 'core' inflation. 1979 is over 10 percent.