top of page

Who Wants 16% Interest?

This is a passbook I have saved since I funded a Certificate of Deposit back in 1981, in the throes of Fed Chairman Paul Volcker's fight against inflation.


Many comparisons are made to today's inflation situation. While it's a tempting exercise, I'm not sure there's much to learn from it. Inflationary inputs were far different back then, and today's economic template looks like nothing from that time.


But this was a hellish situation. U-3 exceeded the level we had experienced during the 2008 crisis and business ground to a halt.




Once all that money came out of the CDs, a good deal of it flowed into the stock market. A small outfit in Boston called Fidelity Investments made the most of it. Imitators followed. It was a whole new game for the retail investor.

 
Featured Posts
Recent Posts
Search By Tags
Follow Us
  • Facebook Classic
  • Twitter Classic
  • Google Classic

FloMartin Securities, Inc.

Donald R. Davret, Investment Advisor Representative

www.sec.gov

www.sipc.org

 

Investment advisory services are offered through FloMartin Securities, Inc, an Investment Advisory firm. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.
All investment strategies have the potential for profit or loss. Changes in investment strategies, economic conditions, contributions or withdrawals may significantly alter a portfolio’s performance. There is no guarantee that any specific investment or strategy will be suitable or profitable for a particular client. Past performance is no guarantee of future success. We cannot guarantee that a portfolio will match or outperform any particular benchmark. None of the content should be viewed as an offer to buy or sell, or as a solicitation of an offer to buy or sell the securities discussed.



This website is a publication of FloMartin Securities, Inc. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change.​


Information on this website does not involve the rendering of personalized investment advice, but is limited to the dissemination of general information on products and services. A professional adviser should be consulted before implementing any of the options presented

  • Wix Facebook page
  • Twitter Classic
  • Google Classic
bottom of page