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70's coming back ?.....
Old 03-31-2021, 08:55 AM   #1
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70's coming back ?.....

Scanning old pics - noticed this billboard on San Diego border from late 70's.

52% interest ! Obviously high because of period and Mexico.

But, are we going back there ?
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Old 03-31-2021, 09:35 AM   #2
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I thought this was going to be about polyester jumpsuits.......
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Old 03-31-2021, 10:28 AM   #3
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Long sideburns, gas lines, high inflation and 12% CDs.

I'd take sideburns and 12% CDs.
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Old 03-31-2021, 10:30 AM   #4
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pant legs are getting wider
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Old 03-31-2021, 10:30 AM   #5
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Long sideburns, gas lines, high inflation and 12% CDs.

I'd take sideburns and 12% CDs.
I'm growing my sideburns long to compensate for the wisps up top.
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Old 03-31-2021, 10:30 AM   #6
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And smoking. What isn't to love? And if you can earn 15% on a CD....then there are a lot of things going on that are not good.
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Old 03-31-2021, 10:32 AM   #7
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I am going to buy me a few $100,000 beachfront houses if interest rates go to 17%
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Old 03-31-2021, 10:36 AM   #8
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I thought this was going to be about polyester jumpsuits.......
People in their 20s and 30s back then would be in their 70s now. If those same people decide to wear polyester jumpsuits again Im isolating at home for another year.
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Old 03-31-2021, 10:55 AM   #9
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I noted with dismay that so-called "prairie dresses" were back in style--ugh. Not sure if that was the late 70s or early 80s. This time around, I will pass.
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Old 03-31-2021, 11:10 AM   #10
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You're right on both counts. Late 70's/early 80's. Gunny Sax and Jessica McClintock. Unflattering as heck. Then there were the awful Laura Ashley long shapeless dresses in the mid-80's.

Fortunately there were some very nice designs coming out at that time, as well!

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I noted with dismay that so-called "prairie dresses" were back in style--ugh. Not sure if that was the late 70s or early 80s. This time around, I will pass.
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Old 03-31-2021, 11:10 AM   #11
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OTOH maybe pop music will improve!
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Old 03-31-2021, 11:27 AM   #12
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I'll take some long dated Treasuries @ 16% please.
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Old 03-31-2021, 11:29 AM   #13
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The Corvette...
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Old 03-31-2021, 01:36 PM   #14
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I noted with dismay that so-called "prairie dresses" were back in style--ugh. Not sure if that was the late 70s or early 80s. This time around, I will pass.
IIRC, lots of dresses with empire waistlines as well..."Ladies, make 'em guess if you're pregnant..."

And remember polyester Sansabelt pants?

Dad loved those.
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Old 03-31-2021, 01:45 PM   #15
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Perhaps the 52% interest is in pesos. No rate is high enough for me to invest non FDIC protected funds in a Mexican Bank in Mexico.
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Old 03-31-2021, 01:50 PM   #16
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The Corvette...
OMG
I bet he lived to regret that gig!
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Old 03-31-2021, 02:01 PM   #17
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And to think I was happy to only have an 8.5% mortgage on a. 1700 square foot all brick house for $42,441. Stayed in it 12 years.

When car dealerships started going broke due to ultra high interest rates, I was the one that the car company sent out to handle the liquidation. Jimmy Carter's VooDoo economics weren't very enjoyable days.
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Old 03-31-2021, 02:31 PM   #18
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The savings and loan scandal taught me that when a bank issue exceptional CD rates it'll be shut down in a week.
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Old 03-31-2021, 02:44 PM   #19
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Jimmy Carter's VooDoo economics weren't very enjoyable days.
I thought Voodoo economics meant something quite different from Carter's (really Volcker's) high interest rate policies.

https://www.investopedia.com/terms/v...oeconomics.asp
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Old 03-31-2021, 02:51 PM   #20
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Just to be clear, Jimmy Carter had nothing to do with the interest rates shown in the OP. Is no thread discussion safe from political sniping? This is more infectious than covid.

The rates shown in the OP were in Mexico, starting in 1982, and lasted about a decade, ending with the first peso crisis. Other Latin American countries had higher inflation and interest rates. Along with Mexico, Brazil and Argentina also had hyperinflation, debt crises, and serious economic recessions.
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