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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (8537)	2/9/2022 3:15:05 AM
From: Maurice Winn	Respond to of 13803

Double or qudruple their pay rates and there will be enough people. truckers, crane operators, warehousing, diesel engine mechanics, even hamburger flippers are not available. Easy. pay the going rate. Theygoing rate is higher. It's called inflation. It's back to the 1970s, when oil went from $2 a barrel in 1970, to $12 a barrel in 1974, to $40 a barrel in 1979. The gold standard was dumped and the hog-wild printing began. Free money!! Woohooo.... Biut then interest rates were put up, up and up again. The squeeze was on to save the US$ from implosion. Oil went back down to $10 a barrel in 1986 and it stayed their until Y2K, when Alan Green$pan declared it was time for some irrational exuberance and a vast monetary lolly scramble, dilution. By 2007, house prices were up up and away and interest rates were cheap as chips and anyone could get a 100% loan if they were not actually in gaol and they could sign their name. GFC!!! House prices halved across big parts of USA. I started the 1970s paid about $3,000 per year [NZ$] and was paid $20,000 per year in Canada, then back to NZ for $10,000 per year in 1978, then finished the decade at about $20,000 per year. That's inflation and economics in different countries. Mqurice