Oh boy. In 1974 I had to buy my first car (I had had motorcycles previously) and the 1971 Corolla used cost more than the new price. Also about that time an article promoting the invasion of the Middle East for the oil was published in Harpers. Then there was "Five Days of the Condor" (movie: Three Days..reflecting our shrinking attention spans) where a CIA plot to take the oil was uncovered by intrepid CIA researcher Robert Redford. In this century we have seen how that played out in real life. By the way, another fine piece.
Super analysis. House mortgages at 18-20%.
And this is when Big Banks established credit card rates at 20% and have maintained that rate to this date…
Oh boy. In 1974 I had to buy my first car (I had had motorcycles previously) and the 1971 Corolla used cost more than the new price. Also about that time an article promoting the invasion of the Middle East for the oil was published in Harpers. Then there was "Five Days of the Condor" (movie: Three Days..reflecting our shrinking attention spans) where a CIA plot to take the oil was uncovered by intrepid CIA researcher Robert Redford. In this century we have seen how that played out in real life. By the way, another fine piece.
Who needs to invade any more? We co-opted the biggest producer, Saudi Arabia, and we're turning Oklahoma into a giant sinkhole via fracking.