...is here.
https://www.businessinsider.com/treasury-yields-recession-fed-inversion-inflation-economy-unemployment-1981-2022-11
4 replies (most recent on top)
Hey Dahn (AKA Higher Education Inquirer),
That site (Shadow Stats) is notorious for fudging the numbers.. google it. Furthermore, they SAY IT THEMSELVES IN THEIR OWN TERMS AT THE BOTTOM OF THEIR WEBSITE- check it out for yourself!
http://www.shadowstats.com/terms-of-use
It's worse than you think...
http://www.shadowstats.com/alternate_data/inflation-charts
Thank heavens Build Back Better saved us.
Differences outnumber similarities between 1981 and today. The headline inflation rates reaching levels not seen in 40 years needs to be put in context. The inflation rate for the decade up to 1981 AVERAGED 9%, compared to about 2% for the most recent decade. Interest rates were not being increased from zero but from something closer to the rate of inflation. Interest rates today are still well below the inflation rate we are currently experiencing. And mortgage rates exceeded 17% in late 1981—while mortgage rates today are just under 6%. A great collection of charts of all this data, check out A Wealth of Common Sense “The Last Time Inflation Was This High.”
The economy was generally much weaker in 1981 compared to now.