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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (69771)9/14/2006 11:07:47 PM
From: regli  Read Replies (1) | Respond to of 110194
 
I am obviously not claiming that the U.S. as a whole experienced a high in the late 70s.

As I mentioned, the Bay Area and specifically Silicon Valley (and likely Tech as a whole) went through a huge boom in that period. This chart shows it nicely as employment in the Valley actually grew even faster from 1976 through 1980 than during the boom 90s.

siliconvalleyonline.org



To: GraceZ who wrote (69771)9/14/2006 11:35:26 PM
From: regli  Read Replies (2) | Respond to of 110194
 
"... By the late 1970s you couldn't buy a job. ..."

Actually Grace, after looking a little deeper, you were completely off base and my personal experience was representative for the U.S. as a whole during the late 70s. Note that these figures would look even better if not for the changes made to the unemployment figures during the Reagan and Clinton administrations.

In fact the late seventies were across the board a low unemployment period.

bls.gov


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