Discussion about this post

User's avatar
This is the Modern World's avatar

I love your optimism, but I disagree that your hopefulness represents a contrarian view that is the inverse of popular sentiment in 1970. You wrote, "...just like things looked particularly rosy in 1970..." If things were looking rosy in 1970, perhaps it was because they weren't as bad as the previous two years. US casualties in Vietnam declined from 16,000 in 1968 to 6,000 in 1970, and race riots had declined. But 1970 was a tough year. Inflation notched up to 6% in 1970 and the decline of manufacturing jobs was well under way. After a 15% decline in 1969, the Dow advanced by less than 5% in 1970. It was the year of the Beatles break-up and the Kent State massacre...

Expand full comment
Max Ischenko's avatar

Reading this from Ukraine feels surreal. Hope you are right though

Expand full comment
14 more comments...

No posts