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To: BenLurkin
Then inflation would be coupled with economic recession ala the Carter years.

Ouch! Don't even mention that dark period. The triple doubles still haunt me -- inflation, unemployment and interest rates. I had to buy a house back in '78 --- 13.5% interest rate.

I don't see that happening again.

8 posted on 02/09/2005 11:11:51 AM PST by Ditto ( No trees were killed in sending this message, but billions of electrons were inconvenienced.)
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To: Ditto

Years ago, when my uncle told me that he bought his house at 4% interest, I thought that we would never return to those interest rates! Was shocked when those low rates returned. Never know when we will cycle back.

Didn't people in the 1920's borrow money to invest in the stock market? Hoover tried to warn them not to do it but was told to butt out. Then the crash. Seems that in some ways we are back there -- borrowing mortgages while investing in the stock market. Just wondering.


9 posted on 02/09/2005 11:27:14 AM PST by Kay
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