Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: DustyMoment
The only way that I see this ever happening is when the dollar value plummets to about $0.01 and it takes about $35.00 to buy a loaf of bread, $75.00 to buy a gallon of milk and about $245,000 to fill your Prius' gas tank!

The 1970's saw huge inflation and the Dow did not rise correspondingly to the dollars fall.

1/1/1970 the DOW was at 850; 1/1/1980 it was at 963.

The stagnation of the Dow was more related to energy prices than any other factor.

18 posted on 02/25/2013 1:37:58 PM PST by Mikey_1962 (Obama: The Affirmative Action President.)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: Mikey_1962
The 1970's saw huge inflation and the Dow did not rise correspondingly to the dollars fall.

There is a vast difference between the Dow average 40 years ago and the Dow average today. The value of the dollar was higher, making the value of the Dow correspondingly lower.

Today, the metrics that seem to govern the Dow's movement are different than those from 40 years ago. And, IMO, trying to draw a comparison between them is similar to comparing apples to beef steak!

19 posted on 02/25/2013 2:08:34 PM PST by DustyMoment (Congress - another name for anti-American criminals!!)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson