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Ocelot II

(131,240 posts)

4. Those of us who are old enough to have been in the work force during the '70s

Reply to Yo_Mama_Been_Loggin (Original post)

Sat Aug 9, 2025, 01:36 PM

Aug 2025

will remember what a goat-fuck the economic situation was at that time. Interest rates went through the roof because that was seen as the only way to break the inflation cycle even though it slows growth. If you tried to buy a house around 1980 you might remember 16% mortgages.

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Highlight:

Bank of America sees stagflation, not recession--and no rate cut this year. It's because of 2 specific Trump policies [View all] Yo_Mama_Been_Loggin Aug 2025 OP

Now the Pisswig will call dweller Aug 2025 #1

Trump can't spell "stagflation", "recession", or "economics". I don't expect this to end well. Jim__ Aug 2025 #2

Intelligent reports probably won't help. BootinUp Aug 2025 #3

Those of us who are old enough to have been in the work force during the '70s Ocelot II Aug 2025 #4

He'll fire the entire Fed Board all in one throw bucolic_frolic Aug 2025 #5

He's nostalgic....... lastlib Aug 2025 #6