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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (4874)	10/16/2001 11:26:34 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 33421

I remember very well the 13 to 18% rates we got on some fixed investments back then. We also had an oil embargo back then too. Demand was actually high, high enough that a whole new class of vehicles was manufactured to meet the demand of higher fuel economy. And a bunch of boomers entering their 30's. Just look at them now...with their shrinking retirement funds and diminished purchasing capacity <vbg>

To: Box-By-The-Riviera™ who wrote (4874)	10/17/2001 11:31:31 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi Joel, one very small note.. Nixon did not last long enough for the really expansive rise in interest rates, we saw the heights reached in the Carter Administration and then staying high during the early Reagan years. We basically had a double top in yield on the Yield curve once in 1979 and then in early 1981, I think it was. but I know what your saying.... :-) Of course when we really want to trash Nixon we just prance out the fact that he signed off on wage and price controls in 1971...as if that was anything more than a band aid solution.-ng- a 90 day freeze...?? He also Signed off on the abdication of the gold standard.... you know he was quoted to have said I don't know why we are doing this It's amazing how they were such Cold war warriors back then and all decisions were viewed through the prism of how it impacted our Cold War objectives and endgame, back then. John