Replies to post #560996 on Zeev's Turnips Patch-No Politics (ZEEV)

[opnion]

Thanks Jim, we shall see I still have a date of september 11th as an important date for whatever reason.

[m_winston]

Sorry Jim....: I was talking about CD's and got them mixed up with Treasuries.

I started buying CD's around 1974-5 around 6% to 7% then they realty shot up (I think 1980ish).

Too bad you couldn't lock in a rate like that long term.

I think that was the one time when the Fed unsuccessfully tried to control the recession by not allowing the markets to set the Treasury rates via supply & demand. That was the only time "known" that they ever manipulated the rates (and the only time the yield curve couldn't be used to predict a recession).**

**see notes available at Duke University by Dr. Campbell R. Harvey for more info on the yield curve & recessions.

[choad]

Oh yes, that's when it's reported that Reagan told Volcker to do whatever he had to do to get the economy back on track......so he wrung out the inflation with higher rates and the rest is history......if the U.S. govt ever issues non callable 30yr. bonds again at anywhere near that rate you will not hear much from me because I'll buy with every penny I possess and clip coupons (literally) for the rest of my days on this planet! LOL My guess is that I don't need to be concerned about the fed prescribing any potent medicine for as long as I'm around, we shall see. GOT GOLD