1983 Unemployment topped out at 10.8% and now it is around 4.7% for the latest numbers.
In 1983 the Dow basically remained flat for the previous 15 years, for the past 15 years the Dow has increased nearly 400%.
In 1983 the prime interest rate was at 11%, which was down from 20.50% just 2 years prior. Today it is at 7.25%.
For those saying the economy is bad, I can't imagine what they would think if we had 1983 numbers today.
Let's face it the numbers look pretty good right now. Most people that can afford a home have one. Most of us are employed, and most have stocks, mutual funds, and IRAs that giving us pretty good returns.
Maybe it is fast foods fault? You walk into a fast food place and you have 3 sizes of drinks Medium, Large, and Extra Large. You have the same thing with Pizza's Medium, Large, and Extra Large. What happened to the small? Perhaps people are looking at the economy with fast food eyes, good, great, and outstanding economy.
The good or great economy we are in right now is not the doom and gloom people are talking. The economy is strong. If we had 1983 numbers today, then would people be willing to except small drinks and small pizzas?
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