What Every Investor Should Understand About Stagflation
Many investors equate the decade of the 1970s with stagflation, but it is more precisely defined as lasting from 1966 through 1982, according to Edward McQuarrie, a professor at Santa Clara University’s Leavey School of Business
Intermediate-term Treasurys produced an annualized total return of 7% for the 17 years through the end of 1982, slightly outperformed inflation.
The stock market performed exceptionally poorly in the 1966 to 1982 period. The Dow Jones Industrial Average, for example, first rose above the 1000 level in January 1966, but spent most of the next 16 years below that level. It didn’t rise above 1000 for good until late 1982.
Mark Hulbert WSJ Sept. 4, 2021
https://www.wsj.com/articles/investor-understand-stagflation-11630705356
Börsuppgången startade i USA den 12 augusti 1982
In the United States, the return to demand management began as early as the summer of 1982
Inflating the Dow’s bear market low of 777 points in August 1982 gives it a current level of 3,600
https://englundmacro.blogspot.com/2011/09/borsuppgangen-startade-i-usa-den-12.html
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