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In 1979 an inflation-led recession rocked the US economy, abated for about 3 quarters, then returned for another 4 quarters starting in 1981. I expect the same
by howmayiannoyyou 5y ago
In 1979 an inflation-led recession rocked the US economy, abated for about 3 quarters, then returned for another 4 quarters starting in 1981. I expect the same to happen in the months ahead, and in that context Apple's offer is attractive. For anyone who hasn't lived through a deep recession, or an inflation-led recession (stagflation)... it really sucked.
- xxpor 5y agoThose recessions weren't inflation led, they were intentionally caused by the fed to break inflation.
- howmayiannoyyou 5y agoI don't know what you think inflation-led means, but that's exactly my point. But for inflation, no Fed rate intervention, no liquidity scarcity, no recession... inflation started/led to it. You are one pedantic person. You must be a lot of fun at parties.