Matt Goodrich’s Post

View profile for Matt Goodrich, graphic

President, Goodrich & Associates LLC

First Trust Monday Morning Outlook "Elections Matter" Brian S. Wesbury - Chief Economist Robert Stein, CFA - Dep. Chief Economist April 15, 2024 Many, us included, see parallels between today's big issues and those of the 1960s and 1970s. Mistakes in both geopolitical and fiscal policies compound overtime, often leading to more mistakes. After Vietnam ended badly, US weakness likely encouraged terrorism. The 1972 Munich Massacre of Israel Olympic Athletes, Entebbe in 1976, and finally US hostages held in Iran from 1979 to 1981. At the same time both fiscal and monetary policy became unhinged. The result was stagflation, with inflation hitting and unemployment approaching double digits. We don't have room for a complete historical explanation, but Presidents Johnson, Nixon, Ford, and Carter each made mistakes in either foreign or fiscal policy that led to these problems. Then, Ronald Reagan was elected, and while his opponents claimed he would cause nuclear war, the exact opposite happened. Stagflation was ended, the Berlin wall fell, and the world entered a mostly peaceful era. Elections matter. To read the whole article click the link below!

Microsoft Word - w041524 - Elections Matter

Microsoft Word - w041524 - Elections Matter

ftportfolios.com

To view or add a comment, sign in

Explore topics