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Does anyone well versed in economics see a big similarity between [1960s & 2010s] / [1970s & 2020s]? It seems super similar in terms of social protests & inflat
by chefkd 2y ago
Does anyone well versed in economics see a big similarity between [1960s & 2010s] / [1970s & 2020s]? It seems super similar in terms of social protests & inflation that followed immediately after
- laidoffamazon 2y agoIt's closer in similarity to 1946/47, where there was a massive shift in consumer habits because of an external event.
- chefkd 2y agoCan it be reversed? Or what reversed it the previous times it happened? Do we just wait for consumer behavior to shift back and whatever the Fed does it doesn't matter?
- laidoffamazon 2y agoConsumer behavior is fine. Consumer sentiment isn't but improved a bunch since last year. It's irrational malaise
- HPsquared 2y agoAnd 1920s/1930s. Edit: all three are inflationary expansion followed by hangover.