Loading ...I remember the prime rate was 21%, I also remember James Dines saying, “For you conservative investors, I am recommending 30 year US Bonds paying 16% for 30 years with no call back provision.
We have never seen anything like this in our entire lives. I also remember June 1982 Dines telling everybody to sell all inflation related assets and to get into Dow at 796. After 14 years of staying under Dow 1000.