Y’all don’t know how much I (and suspect many more) would like to return to the 1970’s, yeah, we had Jimmuh Carter, gasoline lines and a period of 21 percent Fed interest rates , but it was a great time for innovation and growth.
The Dow going from around 5000 to 2500 (Carter) then onward to what it is today following the measures by Volker.
Dow Jones – DJIA – 100 Year Historical Chart
Yeah, it dropped 3 to 5 K points since Brandon was selected ( a close parallel to Jimmuh) but hey, it is well above anywhere it has a right to be seeing that we have off-shored so much of the labor that once kept this country prosperous and growing.
Sadly I expect the pain is just beginning since we are about to experience a major whammy of higher interest rates/inflation, reduced domestic production, green insanity and now a looming supply chain collapse due to transportation issues, all self created by present government policies.
The “Keep on Trucking” meme was prevalent in the early 70’s, saw that image all over the place in print and as stickers on cars and shag-vans (yes, they were a thing even in upstate NY). Then I found the link below, which ties into all this crap. Will make you smile on a Monday.
(Shamelessly filched from SDA)
Clary’s theme is to enjoy the decline, but I prefer to think that the degree of suffering has to be sufficient to generate a level of push back against all levels of bureaucracy to force change. Open question how much longer that will take. .And how about the World Cup, eh?