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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (19054)	2/29/2000 6:10:00 PM
From: straight life	Read Replies (2) \| Respond to of 54805

I have heard how the raising, raising, raising of rates in the early Greenspan days (was it the mid 70's or something like that?) caused a recession and a bear market. No, that would be Paul Volker; who raised interest rates in '80-'81 and, as a result, broke the back of a long, pernicious inflation and caused Carter to lose the election (conjecture, but a widespread one). More conjecture: it was painful, but it did the trick; something which Carter's sweaters and Ford's WIN buttons were both unable to achieve. I think he's a hero.