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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (40177)	8/10/2001 12:53:44 PM
From: Jim Willie CB	Respond to of 65232

only retrieving past memory but I believe in mid1970's unemployment peaked at 7% the western world was adjusting to OPEC's tripled raw energy costs if my mammory serves me correctly, the OPEC price rise was a direct response to Nixon's unbelievably stupid inept and colossal error -- Wage Price Freeze (talk about power going to his head) so the Arabs were pissed off that their investments were eroding from inflation and they stacked the deck with much more inflation the mid-70's unemployment rate might have been above 7% if so, then not much more this time will be much more weird real scattered depression, mixed with prosperity here and there / jim