Seen this act before
It was called
from 
JoeUser Forums
JoeUser Forums
To those of you old enough to remember, don't these times remind you of the early 1970s?
1. Oil price escalation amid supply concerns;
2. Evidence of inflation, amid weakness in job growth (anybody remember the term coined for this? "Stagflation");
3. An increasingly unpopular war begun for what turned out to be, in retrospect, dubious reasoning;
4. Exploding public deficit and burgeoning public debt;
5. Despite evidence of inflation, only limited movement on interest rates;
6. Stock market adrift after strong growth a half a decade earlier;
7. A Republican president in power - many who think got there through dubious (but different dubious) means.
It will be interesting to see if the parallels continue into the later part of this decade.
JW
1. Oil price escalation amid supply concerns;
2. Evidence of inflation, amid weakness in job growth (anybody remember the term coined for this? "Stagflation");
3. An increasingly unpopular war begun for what turned out to be, in retrospect, dubious reasoning;
4. Exploding public deficit and burgeoning public debt;
5. Despite evidence of inflation, only limited movement on interest rates;
6. Stock market adrift after strong growth a half a decade earlier;
7. A Republican president in power - many who think got there through dubious (but different dubious) means.
It will be interesting to see if the parallels continue into the later part of this decade.
JW
