BROADCASTS.com

Inflation is Here, Apply the Brakes, Slowly.  The host for this show is Tim Apicella.  The guests are Jay Fidell, Winston Welch, Cynthia Lee Sinclair and Karen Buzzard.  
\n
\nThe Carter Admin followed a textbook case as what not to do for economy with runaway inflation. The term stagflation, high inflation and a stagnant economy was coined. Price fixing and slow to act to reality were key ingredients for the devastating effects it had upon Americans personal wealth. Once the economy was in a comatose state, only then were effective efforts implemented to reverse inflation. Enter the appointment of Federal Reserve Chairman, Paul Volcker (1979-1987). A Wall Street, cigar smoking guy, took charge and rapidly increased the Fed Overnight rate from 13% to 20% in a short year. The effect was the brutal recession of 1980-1982. The Prime rate reached 21%, 30 year fixed rate home mortgages hit 18%. By 1983 the Fed rate finally fell to 13.5%. Today, the Fed rate stands at 0%. With the last two months of CPI coming in at 6.01% and 7.0%, one might ask, What is the Fed waiting for? Hopefully, not Godot.
\n
\nThe ThinkTech YouTube Playlist for this show is https://www.youtube.com/playlist?list=PLQpkwcNJny6mVXxNV6CR6JM87PhD82eU1
\n
\nPlease visit our ThinkTech website at https://thinktechhawaii.com and see our Think Tech Advisories at https://thinktechadvisories.blogspot.com.