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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (21437)1/15/2005 4:54:58 PM
From: dpl  Read Replies (1) | Respond to of 116555
 
There was no bubble in 1980.In fact it was the end of the LT inflation side of the inflation/deflation cycle.That's why it took such a high st interest rate .

BTW..since we are now into the deflation side every recession takes a lower interest rate than the time before.(the opposite of the inflation side)Since the last was 6 3/4 % it will take a FF a lot less than that.

David


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