Pelican Parts Forums - Deja Vu - a rerun of the 70's

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- - Deja Vu - a rerun of the 70's (http://forums.pelicanparts.com/off-topic-discussions/388655-deja-vu-rerun-70s.html)

Quote:

Originally Posted by rouxroux (Post 3719835)

Yep, all over again. ;)

http://forums.pelicanparts.com/uploa...1201029510.jpg

Found the original album in the basement today...I was 13 and had my sister drive me to "White Front" (an old Cali department store) in Thousand Oaks to buy it in 1970.
Wow.

Quote:

Originally Posted by Moneyguy1 (Post 3721944)

IF I recall, the actual bad interest rates were in the 80s. I remember, in 1987 or 88 Chase used to charge an additional $99 to assure that a home equity loan's interest would not exceed 16%.

True... IIRC the interest rates jumped in the early 80's (leading to 14% and > 30 year mortgages and CD's paying 17% at times) based on what happened in the 70's. Should have spelled it out better in the original post where I said "and finally double digit"... When the Fed finally decided to try to kill inflation by raising interest rates.

Something else which I don't think many remember about the 70's. The bear market which started in 73 or 74 saw the market drop nearly 50% and it took nearly 6 years to recover to it's previous high. Not a pretty sight... and a LOT more people have money in the market today than in the 70's.

Quote:

Originally Posted by frogger (Post 3721964)

Elective wars, then and now.

I prefer "manufactured."

Dominos and smoking guns. They played us like a violin.

Does that mean the 997 will have head stud issues?

Only if it has a 2.7 with thermal heat reactors.