Because of this you know every 7 to 10 years there will be a recession. In the 1970s they seemed to hit every 3 to 5 years for example, especially during the Arab Oil Crisis where Gasoline rose sometimes by 3 to 4 times that you had to pay at the pump. I remember 17cent a gallon in 1969 but by the late 1970s it was 85 cents to a dollar a gallon. This is really where the affluence in the U.S. disappeared from Arab oil. The affluence of the average person here in the U.S. was gone after that and by the mid 1980s most social programs which came from the affluent times of Kennedy and Johnson ended too except for the Civil rights bill. That stayed.
But, the last big recession was from about 2006 to 2008 and was the Great Recession which lasted until 2010 or 2012 so this created a really long upswing because the Great Recession completely destroyed the Middle Class of America which also created the cynical people who vote for Trump who are enraged at what happened to them during this time when they lost everything meaningful in their lives of financial value.
So, now the recession is very very late (compared to others because of how deep this last recession actually was) with fundamentals much much worse than the Great Depression, many of the fundamentals were never corrected by the way which means another Great Depression worldwide could be the next recession we see between I figure Winter or Spring of 2019 to 2020 or before caused this time mostly by Trump's Tax Cut and Trade War with China.
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- Full Article: Tracking the resignations, firings and investigations (regarding the Epstein Files) Worldwide!
- Epstein files fallout: Tracking the resignations, firings and investigations Worldwide
- Local residents cannot sleep because of noise from Musk's Gas turbines in Mississippi generating power for GROK in Mississippi
- 158,008 visits to intuitivefred888
- This is what the code looks like displayed on a page
- How much weight can a drone carry? (I asked this question because I just found out that Mexican Drug cartels ship drugs over the border on Drones now too
- Memories part 8 and 9
- Loathed and Feared as Neo-Nazis: Golden Dawn Party has gained substantial support during crisis
- I really don't think Trump and our military can guarantee the safety of OIl Tankers going through the Straight of Hormuz. Why?
- Tibetan Words (Tashi Delek which means good luck) and I remember "Chang" which is Tibetan Barley beer as well there from 1985 and 1986
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment