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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: gpowell who wrote (16821)2/6/2004 11:26:01 AM
From: Elroy JetsonRead Replies (3) of 306849
 
I must have been otherwise occupied. I had just graduated from U.C. Berkeley in 1978 and I don't recall anyone having trouble getting a well paying job.

Certainly my wages and those of my friend's were jumping strongly ahead of inflation.

Those unemployemnt numbers do seem high - But of course they used to count all of the unemployed people back then, not just some of them.

I recall the American auto companies were on the skids back then, but then what do you expect when you manufacture crap.

It's difficult to compare the distorted and massaged government statistics of today with those published in the 1975 to 1985 era. Once you take out the baloney, I'd bet the current numbers would make that earlier era seem pretty tame.
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