The market has officially fallen into bear market territory

[otto105]

Ummmm......that was under Carter.

No, no it wasn’t.

Which president in the 70’s did wage and price controls?

 

[otto105]

Hence my analogy to an unemployed person who has lost his job and is living on his credit card.

Inflating the money supply is not real growth.

What inflation of the money supply?

 

[Toddsterpatriot]

No, no it wasn’t.

Which president in the 70’s did wage and price controls?

Inflation was worse under Carter than under Nixon.

Sticky Price Consumer Price Index less Food and Energy | FRED | St. Louis Fed

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[otto105]

Inflation was worse under Carter than under Nixon.

View attachment 660674

Sticky Price Consumer Price Index less Food and Energy | FRED | St. Louis Fed

Graph and download economic data for Sticky Price Consumer Price Index less Food and Energy from Jan 1967 to Oct 2023 about sticky, core, CPI, inflation, rate, price index, indexes, price, and USA.

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Answer the question.

 

[Toddsterpatriot]

Answer the question.

Nixon had wage and price controls.
Inflation was worse under Carter than under Nixon.

 

[otto105]

Nixon had wage and price controls.
Inflation was worse under Carter than under Nixon.

Sure, you realize that their were two oil embargoes and Carter’s placement of Paul Volcher as fed chief.

 

[Toddsterpatriot]

Sure, you realize that their were two oil embargoes and Carter’s placement of Paul Volcher as fed chief.

You realize that inflation was worse under Carter than under Nixon.

 

[Woodznutz]

Awwww, still haven’t found the rock to hide under…


Saw worst inflation under republic president’s in the 70’s with higher unemployment.

Same reason, high gas prices.

 

[DudleySmith]

Ummmm......that was under Carter.

It was under Nixon/Ford, and also Reagan. The bubble burst under George H.W., then spiked again under Clinton's terms, which had GOP majorities in the House and Senate in his 2nd term. The Gulf War spiked the economy up until that bubble burst late in Clinton's 2nd term. See Long Term Capital Management and the bailouts for that.

 

[DudleySmith]

You realize that inflation was worse under Carter than under Nixon.

Not really; it greater in real terms under Reagan; only the rate of inflation went down, which is always the case when it reaches a certain size. a 5% rate in 1982 is high in real terms; it works the same as compound interest does re savings.

 

[DudleySmith]

Same reason, high gas prices.

And a global food shortage; a lot of U.S. farmers did well selling wheat to the U.S. govt. to give to the Soviets several years there, when we were aiding a soft landing for the bankrupt soviet regime and feared a sudden collapse would put their nukes in the hands of nutjobs.

 

[Toddsterpatriot]

It was under Nixon/Ford, and also Reagan. The bubble burst under George H.W., then spiked again under Clinton's terms, which had GOP majorities in the House and Senate in his 2nd term. The Gulf War spiked the economy up until that bubble burst late in Clinton's 2nd term. See Long Term Capital Management and the bailouts for that.

It was under Nixon/Ford, and also Reagan.

Sticky Price Consumer Price Index less Food and Energy | FRED | St. Louis Fed

Graph and download economic data for Sticky Price Consumer Price Index less Food and Energy from Dec 1967 to Oct 2023 about sticky, core, CPI, inflation, rate, price index, indexes, price, and USA.

fred.stlouisfed.org

No. The peak was under Carter.

 

[Toddsterpatriot]

Not really; it greater in real terms under Reagan; only the rate of inflation went down, which is always the case when it reaches a certain size. a 5% rate in 1982 is high in real terms; it works the same as compound interest does re savings.

Not really; it greater in real terms under Reagan; only the rate of inflation went down,

No. Inflation was higher under Carter. Double digits in his last few years.

Under Reagan, dropped below 2% in 1986.

 

[ESay]

It was under Nixon/Ford, and also Reagan.

View attachment 661066

Sticky Price Consumer Price Index less Food and Energy | FRED | St. Louis Fed

Graph and download economic data for Sticky Price Consumer Price Index less Food and Energy from Dec 1967 to Oct 2023 about sticky, core, CPI, inflation, rate, price index, indexes, price, and USA.

fred.stlouisfed.org

No. The peak was under Carter.

But it clearly shows that he got it in an upwards trend when he got the post.

 

[Toddsterpatriot]

But it clearly shows that he got it in an upwards trend when he got the post.

Actually, it shows he got it right near the bottom and then it got much, much worse during his term.

 

[ESay]

View attachment 661315

Actually, it shows he got it right near the bottom and then it got much, much worse during his term.

Well, you got it. I didn't look at the graph properly.

 

[otto105]

View attachment 661315

Actually, it shows he got it right near the bottom and then it got much, much worse during his term.

Yeah, we experienced a second OPEC oil embargo.

Then President Carter nominated Paul Volcker to the Fed.

 

[otto105]

Yes, that’s why unemployment is at 50 year lows.

Are unemployment and unemployment claims not at 50 year lows?

 

[Toddsterpatriot]

Yeah, we experienced a second OPEC oil embargo.

Then President Carter nominated Paul Volcker to the Fed.

When was the second one?

 

[otto105]

When was the second one?

1979 called the second oil shock