O/T Stagflation was a bigger issue during the Ford and Carter years, and that affected all finance. It took Volker and pretty big cajones to bring that beast to its knees.
It's interesting that some of us who were around in those times considered 12% mortgages in the 80's to be a veritable bargain. Quite a change from the situation today where you get charged 10% if you're sub-prime and can't document your income.
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