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To: DoughtyOne

Regarding stocks, I give credit to Reagan for keeping Volcker as chair of Federal Reserve. Volcker was not a candy ass like current chair Janet Yellen. Volcker kept FED interest rates so high, it killed off the double digit inflation started during Carter and continued through 1982.

I put all my investment capital into stocks paying double digit dividends due to prevalent high inflation rates. The inflation rate came down substantially in mid-1980’s, causing my high dividend stocks to double and triple. That changed my financial life for ever!


46 posted on 09/23/2017 7:01:54 AM PDT by entropy12 (Republicans flirt with liberal media who will never vote for them! So dumb.)
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To: entropy12

I liked Volker also. He did bring rates down over time. They were astronomical under Carter.

I’m glad this all worked out good for you.


48 posted on 09/23/2017 1:12:39 PM PDT by DoughtyOne (John McBane is the turd in the national puch-bowl.)
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