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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 (69823)	9/15/2006 1:43:48 PM
From: regli	Respond to of 110194

The facts speak for themselves. Unemployment during the late 70s was very low. In fact, as I stated in my post, unemployment since the 1986 has been significantly understated because of changes made to the unemployment rate calculation primarily during the Reagan and Clinton years. My point was that perception is not always reality and there was a powerful political machinery at work at the time trying to make the Carter administration look bad. As posted in my link about Silicon Valley, the Bay Area was booming during that time and, at least for people in Tech, it was one of the most exciting periods in the business. Here you can obtain the "official", i.e. the one reported in the paper, monthly unemployment rate reported by the BLS for the period. However, the best unmanipulated reflection about the real rate is the graph in my last post. bls.gov It is obvious that once the war economy came to an end that unemployment jumped significantly which led IMO to Humphrey Hawkins.