Replies to post #415497 on *SCALPSWINGSTRADDLE* ($$$)

[One Man Army]

idk, you never know when Volcker will start creeping his head around again....

Federal Reserve chairman Paul Volcker very sharply increased interest rates from 1979-1983 in what was called a "disinflationary scenario." After U.S. prime interest rates had soared into the double-digits, inflation did come down; these interest rates were the highest long-term prime interest rates that had ever existed in modern capital markets.[27] Volcker is often credited with having stopped at least the inflationary side of stagflation, although the American economy also dipped into recession. Starting in approximately 1983, growth began a recovery. Both fiscal stimulus and money supply growth were policy at this time. A five-to-six-year jump in unemployment during the Volcker disinflation suggests Volcker may have trusted unemployment to self-correct and return to its natural rate within a reasonable period.

[One Man Army]

The biggest story of the day for me was Obama underhandedly saying the Euro Crisis was equivalent to the 2008 financial crisis during press conference w/ Merkel