Loading ...Well yeah, but thank GOD we are no long subject to nasty tweets. Who cares about the economy or freedom. It’s all about nasty tweets.
After Fed Funds went to Zero in 2008 we entered Neverland.
1. How many times before 2008 was fed Funds Zero?
2. How often did Central Banks buy Government bonds before 2008? Equities?
You can’t compare anything about Stock markets before 2008 and after 2008.
Bank Strategists/Analysts aren’t paid to make money for you.
They’re paid to make money for THE BANK.
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its going to be a whole lot worse than 1968-1972.
America was still a manufacturing powerhouse.
Positive balance of trade
Gold standard (at least to the banks)
Enforced borders and immigration laws
Welfare was the bare minimum – free sh!t army fairly small
Communists were mocked and shamed.
Korean War, 1950-1953: American and Allied United Nations troops fought against the Communist Chinese People’s Liberation Army and their proxies, the North Koreans. Total UN military dead and missing: 178,405 dead and 32,925 missing; Total wounded: 566,434
Vietnam War, 1955-1975*: American and Allied nations fought against the Communist Chinese PLA and their proxies, the North Vietnamese. Total Allied military dead: 333,620–392,364; Total wounded: ≈1,340,000+
Q: What was it all for?
A: It was all so that America’s Treasonous Bipartisan Ruling Elites could enrich themselves by deindustrializing America, something that neither Hitler, Stalin, Khrushchev, Brezhnev nor Mao ever accomplished. Wall Street and US CONporations, allied with the Chinese Communist Party, used hundreds of billions in US pension funds to build factories in the People’s Republic of China. They enriched the CCP tyrants while sending them tens of millions of American manufacturing jobs.
*On October 22, 1957: U.S. forces in Vietnam suffered their first hostile casualties.
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I dunno. Very different world from 1968…back then you had the stockbrokers and specialists controlling the market, now it is a few super billionaires, coupled with an avalanche of day traders. Long term today is 1 week. And look at the Dow, barely around 1,000, stayed there for 14 years, 1966 to 1982. I don’t see how we can compare the two eras at all. And yes, the US was a manufacturing powerhouse, with very little unemployment. Now, half the country can live off the gov welfare, but that does not count in the statistics. Biden sure ain’t Nixon, either
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There aint nuthin like this era – markets have completely shifted since china was added to WTO and corporations have gutted /exported labor to cheaper markets.
Nice attempt and good info, but the set up this time is faaaar different.
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The only thing that will save this economy is legislation (fat chance), a crisis (likely), or a collapse in the dollar (ding ding ding).
Americans are up to their eyeballs in debt, the rich are far richer than the guilded age in the 20&30’s, and theres a new sheriff in town (china) who really wants to be top dog.
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In 69-71 USA didnt have even close to the DEBT/GDP as we do now, nor did corporations have record amounts of debt on their books.
The only semblance of similarity to then and now is the interest rate manipulation scheme.
And how it plays out is likely gonna be a muuuuch different play (great depression 2.0).