by Byron100 » Thu 20 Sep 2007, 14:57:11
$this->bbcode_second_pass_quote('Jack', 'I')t closed at 4.53% last night. If it were to advance over some period of time, to 7%, the effects might be interesting.
I got this number from a point and figure chart
LINKED HEREP&F charts do not consider time, so there is no indication when the target will be reached. It could easily be months, years, or more. Also, one should take such mechanical predictions with a great deal of salt - but it might well be something that would guide traders and portfolio managers.
Just a little something to add to the doom.

Why wimp out at only 7%?? I wanna see a repeat of what happened in the early 1980's, when rates went all the way up to 18% and higher...now, that's some serious stuff!
My question is, we went through that but by 1984, we were booming again...so why would interest rate rises to 7, 8, 9% be a cause for doom? People spending less, saving more...sounds like the kind of trend that could really help us out as Peak Oil starts to bite...but then again, what I know?
