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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (81186)	10/10/2011 11:02:28 PM
From: bart13	Respond to of 217764

what happened between january 1975 and sept 1976? Total credit annual growth rate really started to take off and was at about 9% by Sept 76 from 5% in Jan 76. Velocity also started a big move up in mid/late '76 (don't tell H <g>) "Total money" (M3+credit+gov't debt) bottomed in 4/75 at under 8% and was at 12% by Sept 76. CPI bottomed in Nov 76 (peak at 12.3% in Dec '74) at about 4.8% PPI bottomed in Oct 76 at about 3.5% (peak Oct '74 at 23.3%). Carter elected in Nov <g> MSM anti-gold articles continued - "bull is over". IMF & CB sales continued, and most metal bulls were scared of them - "shock & awe" I don't recall any gold bugs or bulls that expected or called the bottom around $100 in '76. There may have been some, just don't recall any. '76 wasn't a good year for me - lost my father in Feb and the year didn't get better later.