2006-06-14 01:39:14 · 3 answers · asked by Anonymous in Social Science ➔ Economics
Yes.
Economics is a measurement of the economy and the cycles it creates. It is common for an economic cycle to be every 30 years ...
Historically, looking at the 70-80's is where we're at ... but we've surpassed the 'stagflation' and are soon to enter in that time of junk bonds. However, that neo-mini-wanta-be ex-president Billy-B-Job gave it to us up the glutious maxi-mus when he discontinued the long term bonds and limited them to 10 years. Ouch ... I don't have a historical model of what this will do to the economy and the stagflation, but my outlook is not a favorable one.
2006-06-14 10:40:33 · answer #1 · answered by Giggly Giraffe 7 · 0⤊ 0⤋
It seems like it might be. I think stagflation is something that you don't really fully realize your in until you are fully engulfed in it.
2006-06-14 08:44:19 · answer #2 · answered by queenofitall94 3 · 0⤊ 0⤋
Well history does repeat itself when you have a Carter-type of President...cough cough Bush
Seems like it with inflation and we could see another oil embargo and we're seeing excessively high gas prices. Problem remains that Bush is staying in Iraq for oil to sell to big Exxon Mobil Companies who sell it for higher prices yielding record revenues.
2006-06-14 15:58:58 · answer #3 · answered by lincseagles 3 · 0⤊ 0⤋