Jim Callahan

Why Today Is Different From the Inflationary 1970s

By the "rule of 72" at any inflation rate above 7.2% prices double in 10 years. At 5% prices double in 14 years. At 2% it takes 35 years for prices to double.

On the other hand, high inflation made it easier to pay off fixed rate mortgages. A 6% fixed mortgage looks cheap when salaries are rising to keep up with inflation.

An ordinary insured S&L account payed 5%, certificates of deposit (CDs) payed more and money market mutual funds payed much more.

Wanted, Dead or Alive: The iPhone Killer

Google's gPhone kit, "Android" is one to watch. In less than 6 months it has developed a considerable developer community and there have already been experimental ports to a variety of devices including devices from HTC, Qualcomm and the Nokia 810.
androidcommunity.com/

Meanwhile Google has ported some of the apps to Blackberry.
www.google.com/mobile/

Jim Callahan
Orlando, FL

Jim Callahan
Orlando, FL