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
- Musk's antics likely causing Tesla's woes
- Old English "Kenning" means "Whales Road" or the Sea
- We woke up to about 4 inches of snow outside our hotel room
- Measles outbreak surpasses 350 cases and is expected to keep growing
- 'I'm worried it's getting worse': Texas measles outbreak grows as families resist vaccination
- Multistate measles outbreak crosses 450 cases
- Chilling video shows the moment Israeli forces open fire on a convoy of emergency vehicles
- Tesla showrooms have attracted protesters in 100 or so cities across the US, eager to let passersby know their feelings about the chainsaw-wielding Musk.
- ‘He broke barriers’: One of the last survivors of elite group of paratroopers died. He was 108
- Mt. Shasta tourism was the highest ever for winter skiing and such BEFORE Trump was inaugurated
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