I agree with your commentary, aside from the very high interest rates by Volcker that killed inflation and reset everything it was also a period of large capex expenditures on commodities that allowed cheap energy to fuel the economy post 1982. That does not exist today. The recovery will not be swift.
Wise words. Totally agree.
I´ve been reading your posts about Intel. I´m considering pulling the trigger :)
Oil is always been downplayed and the chickens will come to roost soon enough.
I agree with your commentary, aside from the very high interest rates by Volcker that killed inflation and reset everything it was also a period of large capex expenditures on commodities that allowed cheap energy to fuel the economy post 1982. That does not exist today. The recovery will not be swift.