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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (3959)12/28/2003 12:10:25 PM
From: KyrosL  Read Replies (2) | Respond to of 110194
 
The Grant conference charts are interesting and the author supports your outlook, but ... in the seventies and eighties there was an even lower capacity utilization (see pages 8, 9) and that didn't prevent inflation hitting double digits.

As for historical LT interest rates, the dollar was detached from gold in the seventies. I don't think that interest rates during the hundred years before 1970 are relevant today.