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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (176000)	1/8/2009 10:40:43 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 306849

personally, I'm voting for Pitera to oversee our economy

To: MulhollandDrive who wrote (176000)	1/9/2009 4:40:34 AM
From: energyplay	Respond to of 306849

Re: Volker - Pushing rates to 18% was not needed, 12-14% would have worked okay, just taken a few months longer. It would also mean that the US government would not have had to sell 30 year debt at 14% At 14%, money doubles every five years. Those bonds did not help the Federal defict. I will conceed that rates had to go over 105 to stop the run away inflation train. But Volker killed a lot of good business, not just marginal ones. So it was reasonalble that he was replaced. Many of the businesses that did survive 1979-80 were weaker, slow to hire and grow. That may have made the later recession in 1983 much worse.

To: MulhollandDrive who wrote (176000)	1/9/2009 1:14:12 PM
From: Bill/WA	Read Replies (1) \| Respond to of 306849

i remember quite well the double digit interest rates that almost quashed our business before it had a chance to get off the ground, and yes, i know of people whose businesses failed I remember it well also...try selling a spec house at those interest rates!<NG> I ended up getting a job irrigating different city golf courses, 6 days a week, 12 hrs a day...& glad to have the job. I can't imagen how today's population could possibly accept times like that without revolting.