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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (112501)	10/25/2017 3:46:53 PM
From: John Pitera	Respond to of 207309

Yes I remember the The Hunt corner.... I also remember the FED funds starting the year at 19% being reduced all the way to 9% by the June time frame and then Volker vowed to kill inflation damn the economic consequences and moved the Fed funds to 19.25% by Dec of the same year........ and entire round trip from 19% cut in half roughly to 9% and back to over 19% all in the same year... the volatility of that year has nothing in come with the volatility of this year in my opinion..... gold and silver, crude and tangible assets including real estate in places like Houston had quadrupled in the preceding 4 years and would collapse. 1981 was viewed by the very best Macro asset managers as a super tricky year and a money losing year for many due to the morphing from a rising interest rate 36 year cycle to a falling interest rate 36 year cycle. stocks as an asset class were on there way to being universally loathed...... after the liquidation bear market of 1973-1974... we had some great rallies, however books and articles written in the late 1970's talked about the Oct Massacre of 1977, 1978... In 1976, in the movie "Network" Howard Beal, the network anchor who is not going to take it anymore talks about the Depression going on.... New York City was bankrupt, there was no garbage pick up in NYC. inflation was scaring everyone... President Gerald Ford had election button W I N Whip Inflation Now. by 1980 the inflationary spiral looked like such a hyper depression Jane fonda and Kris Kristofferson starred in a movie "Rollover" were the Saudi's stopped rolling over 5% of there US Debt each period and the plot of the movie was that the Saudi's and OPEC countries pulling there money out of the US collapsed the USD and drove Gold north of $2000....... a real global monetary reset. The currencies moved with astonishing volatility...... it was a highly unstable global financial environment... the only thing really doing that this year are the cryptocurrencies..... they are acting like it's 1980... or 1719-1720, or 1919-1921.... inflation was massive after WWI, Interest rates rose to 20% in 1920 creating the Depression of 1921. President Harry Truman went out of business, banks failed by the hundreds but the excesses were purged immediately. James Grant has written an excellent book on it. John