Are we experiencing a repeat of economic challenges from the 1970s?
You have likely seen a lot of media coverage on inflation rates and the rollercoaster ride the markets have been on lately. It appears as though our economy is replaying some of the detrimental scenarios of past decades.
However, a deeper look into the vastly fluctuating inflation during the ‘70s, the spike in energy prices, and unique labor issues helps us gain a better perspective on what we are currently experiencing. It may seem like a repeat of that time period on the surface, but there is more to the story. What is a rerun of issues from the ‘70s and what are transitory challenges in our current economy?
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