Discover and read the best of Twitter Threads about #araboil
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Today's #MacroView is out. Why today isn't 1982 and Jerome Powell isn't Paul Volker.
realinvestmentadvice.com/paul-volker-an…
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The road to 1982 didn’t start in 1980. The buildup of #inflation started long before the #ArabOil Embargo. Economic growth, wages, and savings rates catalyzed “demand push” inflation.
realinvestmentadvice.com/paul-volker-an…
realinvestmentadvice.com/paul-volker-an…
Furthermore, the Government ran no deficit, and household debt to net worth was about 60%. So, while #inflation increased and interest #rates rose, the average household could sustain their living standard.
realinvestmentadvice.com/paul-volker-an…
realinvestmentadvice.com/paul-volker-an…
