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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks
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From: Jack Hartmann7/16/2009 12:09:05 PM
   of 6925
 
The end of the 1980-82 Recession. The 1980s recession can be mostly attributed to the Iranian Revolution which took place in Iran around the year 1979. This revolution caused a sharp increase in the price of oil all around the world, causing the 1979 energy crisis.

The short 1980 recession lasted from January to July 1980, employment recovery beginning in July 1980, with complete employment recovery coming by January 1981. The recession of 1981 coming in July 1981 and lasting till November 1982. Employment recovery began immediately in November 1982 and was complete by November 1983.

It seems a combination of deficit spending and the lowering of interest rates slowly led to economic recovery. From a high of 10.8% in November-December 1982, unemployment gradually improved until it fell to 7.2% on Election Day in 1984. Nearly two million people left the unemployment rolls. In Rockford, IL, Unemployment hit over 20%. There were not jobs. Inflation fell from 10.3% in 1981 to 3.2% in 1983. Corporate earnings rose by 29% in the July-September quarter of 1983, compared with the same period in 1982. Some of the most dramatic improvements came in industries hardest hit by the recession, such as paper and forest products, rubber, airlines, and the auto industry.

I remember the market absolutely having a 9 to 1 up day (1982) and it ran until the 1987 crash. I think the four industries listed above are worth watching well as the peak unemployment. I was surprised the highest unemployment was during Christmas time.
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