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Strategies & Market Trends : Waiting for the big Kahuna

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To: Skeeter Bug who wrote (88544)	7/6/2009 7:56:24 AM
From: fred woodall	4 Recommendations Read Replies (4) of 94695

The national debt (from $700B to $3 T) and the contribution to the S&L crisis are the negatives however as someone who distinctly remembers the Carter years (10% unemployment, Gas crisis, runaway inflation with interest rates over 20%, Iran, Russia, etc. etc.), Reagan was a very welcomed President by both sides of the house and his approval rating by the people was historical threw out his presidency. Any doubt simply asks anyone over the age of 55 if they remember the tent cities, gas lines, real estate melt down, 20% home loans, etc. etc. in the Carter years. The sad fact is those too young to remember those posts Reagan years will get an opportunity in the near future to see for themselves what a full blown depression, sorry I meant recession, looks and feels like. I will say the one positive to every down cycle this country has is the “cleansing effect”. People tend to become very conservative. They just don’t stay that way.

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