OPEC Warns Of Potential "MAJOR OIL SHOCK." Inflation Continues To SURGE At A RECORD PACE. Mannarino
From Greg M
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ALL of the picks in my custodial Edward Jones account are down. ALL of the stuff I bought myself (at GM's suggestion of course) in my little eTrade account are very green this morning. I'm transferring control to myself. I don't know anything about trading, but apparently I know enough to follow the right guy. I'm dying to send a screen shot to my EJ broker.
Greg, your synopsis is spot on. I’m in my 70’s now and it seems like not so long ago, that I was part of the blood and guts circus in Vietnam. I returned to the “world” to find gas lines and an OPEC crisis. The interest rate on the ten-year note went to nearly 18% in 1980 with “Fed Zombie,” Volker and Jimmy Carter at the helm.
Reagan was able to make a few changes and I got a VA Mortgage for just under 10% on my first home. I had a great job as did my wife, and we kept our heads above water.
Don’t lose hope. When things get tough the tough get going, not borrowing. Thanks Greg. I really enjoy your reporting. You make me feel young again. Never lose that sense of humor. When you stop laughing you’re not worth a plug nickel.