When CPI returns to trend, 2008 will seem minor; only 1929 offers a true comparison.

Everyone forgets the 18 month depression of 1920 arriving shortly after the Spanish Flu. Mass unemployment following the war similar to AI unemployment.

A period of record inflation followed by the Fed raising interest rates sharply over a shorter period, just like today. t.co/W1xfe4U3Go

— Financelot (@FinanceLancelot) September 23, 2024

When CPI returns to trend it's going to make 2008 look like child's play.

1929 is the only comparable scenario. t.co/l0HskWyqnm pic.twitter.com/ogJgVAmuGk

— Financelot (@FinanceLancelot) September 23, 2024