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Kurt_and_Hunter
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Fri Nov-06-09 11:18 AM
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| The last time we hit 10.2%... |
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Edited on Fri Nov-06-09 11:38 AM by Kurt_and_Hunter
The last time we hit 10.2% people were really freaked out. Much more than today, or at least appeared to be more freaked out than people appear today.
Two changes since then:
1) In the early 1980s the stock market was some abstract thing for millionaires. Pre-401K, ordinary people did not look to the DOW (which measures/predicts only corporate profits going forward) as the barometer of where we are economically.
2) (a possible factor added on edit) The news media today is less interested in average people so freaked-outness may be under-reported.
3) Americans are more docile -- politically and in general.
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