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03-31-2021, 08:55 AM
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#1
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Full time employment: Posting here.
Join Date: Dec 2004
Posts: 699
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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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03-31-2021, 09:35 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2015
Posts: 5,867
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I thought this was going to be about polyester jumpsuits....... 
__________________
Give a Man a fish, he will eat for a day.
Teach a Man to fish, he will eat for a lifetime.
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03-31-2021, 10:28 AM
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#3
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Full time employment: Posting here.
Join Date: Nov 2016
Location: Fargo
Posts: 990
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Long sideburns, gas lines, high inflation and 12% CDs.
I'd take sideburns and 12% CDs.
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03-31-2021, 10:30 AM
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#4
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Moderator
Join Date: Nov 2015
Posts: 13,927
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pant legs are getting wider
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03-31-2021, 10:30 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Posts: 2,974
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 Quote:
Originally Posted by bloom2708
Long sideburns, gas lines, high inflation and 12% CDs.
I'd take sideburns and 12% CDs.
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I'm growing my sideburns long to compensate for the wisps up top.
__________________
Tick tick tick tock goes the clock on the wall as we're dancing the evening away -- Tick Tock Polka
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03-31-2021, 10:30 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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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.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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03-31-2021, 10:32 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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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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03-31-2021, 10:36 AM
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#8
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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People in their 20’s and 30’s back then would be in their 70’s now. If those same people decide to wear polyester jumpsuits again I’m isolating at home for another year.
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03-31-2021, 10:55 AM
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#9
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Thinks s/he gets paid by the post
Join Date: May 2011
Location: St. Paul
Posts: 1,847
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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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03-31-2021, 11:10 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Posts: 12,660
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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!
Quote:
Originally Posted by Marita40
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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__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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03-31-2021, 11:10 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Posts: 12,660
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OTOH maybe pop music will improve!
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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03-31-2021, 11:27 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,088
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I'll take some long dated Treasuries @ 16% please.
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03-31-2021, 11:29 AM
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#13
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Full time employment: Posting here.
Join Date: Oct 2014
Posts: 568
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The Corvette...
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03-31-2021, 01:36 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jun 2017
Location: Western NC
Posts: 4,633
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Quote:
Originally Posted by Marita40
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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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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03-31-2021, 01:45 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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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.
__________________
TGIM
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03-31-2021, 01:50 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 1,561
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OMG
I bet he lived to regret that gig!
__________________
"No beast so fierce but knows some touch of pity, but I know none, therefore am no beast"
Shown @ The End Of The Movie 'Runaway Train'
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03-31-2021, 02:01 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 6,002
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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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03-31-2021, 02:31 PM
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#18
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Full time employment: Posting here.
Join Date: May 2006
Posts: 859
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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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03-31-2021, 02:44 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Ventura County
Posts: 1,433
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Quote:
Originally Posted by Bamaman
Jimmy Carter's VooDoo economics weren't very enjoyable days.
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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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03-31-2021, 02:51 PM
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#20
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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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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