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Forum - Wall Street Pit    Stock Due Diligence for All

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From: TheNextGoogle (Rep: 450) reply to bdawgpDate: 02/21/2013 15:05
Forum: Wall Street Pit - Msg #2352576Thread #673503932 (Rec: 0)
Re: Besides the Fed Pumping up this economy, what else has it got? Are we goi...

the 70's was an industrial economy - companies had high demand for their products - so they were willing to pay big bucks for talented people.

Now in our "service economy' - a lot is "dumbed down" - so they don't really need that many good people anymore - just the few at the top - the rest "peons"

With having said - one can make any argument they want -



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Reply to bdawgp - Msg #2352574 - 02/21/2013 14:59

Re: Besides the Fed Pumping up this economy, what else has it got? Are we goi...

didn't the fed monetary policy strategies in the 70's juice interest rates higher to curb inflation?

kinda the opposite here no? looking at the charts the Fed funds bounced around more in the 70's than ever...8 to 4 to 13 to 5 to 17 to 9 to 19 ...

yes I wasn't alive in the 70's , but I heard it was a hell of a party lol
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