Courtesy of Mish.
Contrary to popular belief the 1970s have returned. I can prove that statement in pictures.
First, let’s take a look at a few ways the 70s have not returned.
10-Year Treasury Rate
In the mid-70s the 10-year treasury rate was 8.4% on the way to 15.32% in September of 1981. Today, we see a very un-70s-like rate of 2.24%.
CPI All Urban Consumers – Change from Year Ago
CPI All Urban Consumers – Percent Change from Year Ago
We did not see much CPI action that looked like this in the 1970s. Please note both of the above CPI measures are negative compared to a year ago.
Manufacturing Employment
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