[lbo-talk] Inflation/deflation illusion ?

[Alan Rudy]

I was a kid then - in a family with no money - and didn't really experience
it as I have this one.
Thinking sociologically, it seems to me the social meaning of a limited
investor class experiencing such a decline and the social meaning of
everyone with a retirement fund experiencing it are very different.
And, for reasons rooted in nothing more than "everything I've ever been
told", the mid-to-late 60s and pre-oil shock 70s haven't been presented as a
period flush with economic problems and I don't see any other way to present
the last decade.
Lame, unscientific reasons, I know, but there we have it.
I've been wrong before and surely will be again.
-Alan

On Wed, Feb 11, 2009 at 2:46 PM, Doug Henwood <dhenwood at panix.com> wrote:


>
> On Feb 11, 2009, at 2:39 PM, Alan Rudy wrote:
>
>  I read it as saying the decade ending in Sept. 1974, which I took to mean
>> 1965-1974 and shoulda called the "late-60s/early-70s"
>> either way, I struggle to believe that mid-65-to-the-first-oil-shock was
>> as
>> bad as the last decade when it came to investments.... and you just told
>> me
>> there was a weak rally early in the 70s
>>
>
> Norris ran the numbers, and they look right to me. So why the "struggle to
> believe"?
>
>
> Doug
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