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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (18803)	3/22/2004 2:41:10 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

wasn't the late 70s stagflation? I would say 74-80. Then in 80s we had that economic shock and bad recession with double digit interest rates engineered by Volcker. Is that the right timeframe anybody remember? I was a kid at the time, I remember my mother complaining that food prices were going up every week in 77/78 I think? Its odd that wages had no pricing power then. This go round we know there is no labor pricing power, (hence the "stag") thanks to globalization. But you would have thought people could have gotten raises in the 70s.