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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (16820)2/6/2004 11:02:29 AM
From: gpowellRead Replies (4) of 306849
 
Unemployment spiked at 10% in 1982, no lower than 6% during the period. Percentage of employed dropped to 56% in 1975. Real wages declined throughout the period. Fed funds rate at approximately 19% from 1980 through 1981.

Recessions in 1974-5, and back to back in 1980 and 1982.
GDP contraction during 1982 was most severe since the depression.
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