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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (26037)	12/14/2001 12:37:35 AM
From: Les H	Read Replies (1) \| Respond to of 52237

You can have tepid GDP growth and rising unemployment. It happened in the 1980-1982 recession. The Fed started pushing the money supply in mid 1980 in the Carter election year, then slammed on the pedal after the election to try to rein in inflation again. Unemployment kept going up since the period of growth wasn't long and strong enough to get businesses to start hiring again. Unemployment peaked at 10.8 pct in fall of 1982. Unemployment is only a lagging indicator at the extremes and at the troughs. In the middle, it's still a trend in progress. His chart leaves out 1980-1982. There were wide swings in the SPX during that time as well until the last low in Aug 82.