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False, economy was much less stable from 1870 till 1940
Had post WW2 stability as we were about the only major economy to emerge with my our infrastructure unscathed
I should have been more specific (post WW2). I have never seen a economy climb out of a major economic crisis (2008) so fast as compared to to coming out of the great depression which took WW2 to get us out of it.
We are in uncharted territory post pandemic. I'm invested in mutual funds with my retirement account but I'm watching far more closely if things turn south.
I should have been more specific (post WW2). I have never seen a economy climb out of a major economic crisis (2008) so fast as compared to to coming out of the great depression which took WW2 to get us out of it.
We are in uncharted territory post pandemic. I'm invested in mutual funds with my retirement account but I'm watching far more closely if things turn south.
I've switched from 80% growth oriented to 80% value. A lot in BRK.B Berkshire Hathaway. Just due to the high valuations it's time to ready for a decline but I don't see any economic calamity on the horizon like I did in February 2020 where I did cut my future short term losses in half by taking a large cash position. It's really the only time I've engaged in market timing just because it seemed obvious the pandemic was going to hit hard. Though I never expected it to this extent.
Honestly it seems we've been printing too much money and running too high deficits for a couple decades to me but I guess not.
Basically if the markets drop 10% I'm taking a hard look at moving 30% or more to cash
Carter took office during a period of "stagflation", as the economy experienced both high inflation and low economic growth. ... The 1979 energy crisis ended a period of growth; both inflation and interest rates rose, while economic growth, job creation, and consumer confidence declined sharply.
Reagan
During the Reagan administration, real GDP growth averaged 3.5%, compared to 2.9% during the preceding eight years. The annual average unemployment rate declined by 1.7 percentage points, from 7.2% in 1980 to 5.5% in 1988, after it had increased by 1.6 percentage points over the preceding eight years.
And the jury is still out on Biden
I was a kid when Carter was President, but I remember going to get gas with my dad in the late 70s and waiting in a massive line only to be allowed to fill the tank part way due to low supply. We had to plan trips based on how much gas we'd use.
Carter is a decent man, but was remarkably inept as President.
Biden's plan is to cave into unions, and try to send the economy back to the 1950s. It's not producing bad results because the Fed is increasing the money supply at record rates. But the infra bill is not really about building bridges or ports, it's more about paying back unions for the political support during the campaign. I'm very anti-Trump, but raising corporate tax rates to pay back union thugs is not a plan that makes a lot of sense, especially if government has to start paying out more interest at the same time.
If you are so concerned about wealth inequality, then you should support Biden, who wants to enact programs to help the poor and middle-class, and pay for it with taxes on that wealthy 1% you noted.
And when he runs out of their money.. he’ll come after yours….
I seriously doubt it. Even if it does happen, we'll survive inflation just like we did before, even though President Ford's silly WIN buttons didn't do much good. Whip Inflation Now! He was a Republican president who got voted out, like Trump.
Ford tripped as much as Joe getting on and off a plane jane. Get ready for gas to go up this coming week as a gnat has farted.
Forced health care was a joke with that silly fine thanks to that turn coat Roberts and Obama.
When Republicans roll out their plan we will all be saved - 2010 Republicans
When Republicans roll out their plan we will all be saved - 2021 Republicans
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