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Recession on the way? (Read 3243 times)

Sophia Gold Member Offline Posts: 7847	Re: Recession on the way? Reply #75 - Jun 27^th, 2022 at 8:57pm . Shopping in 1961…. Grocery prices https://vt.tiktok.com/ZSdwxDudR/?k=1
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Jasin Gold Member Offline Posts: 46487 Gender:	Re: Recession on the way? Reply #76 - Jun 27^th, 2022 at 10:14pm As soon as the Greed is Good 80's came into America - inflation began is acceleration upwards like a cocaine high.
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Sophia

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Re: Recession on the way?
Reply #77 - Jun 28^th, 2022 at 9:24am

Jasin wrote on Jun 27^th, 2022 at 10:14pm:

As soon as the Greed is Good 80's came into America - inflation began is acceleration upwards like a cocaine high.

Things were better in the 1960s to 1970s where our Australian dollar was worth 400 Japanese yen and anything yank (USA) was cheap as chips… I recall the classic cars then were a dime a dozen. Now look how tables have turned. Back then Australia was ranked high … like 3rd best country in world if I recall.
So the late 80s interest rate hike up to 17% - 18% put an end to that good ranking. Hello 1990s “recession we had to have”.

This I find interesting. Link below.

https://www.rba.gov.au/publications/bulletin/2008/jun/pdf/bu-0608-3.pdf

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