Loading ...I think the market mentality back then was that higher rates are coming because of higher inflation because of a so called booming economy. The latest mentality sounds like a possible COVID War II will slow the economy. So back to stimulation.
And why are people not going back to work? Its not lucrative enough, and besides that, with unemployment checks coming in as a cushion, they all probably found other ways to make money, even starting businesses while laid off.
That what we did in 1975. My coworker friend and myself got ourselves laid off so we could collect checks while starting shop in a back yard garage.