The Accelerator Oscillation in the Sixties

The world was great, ok? In the early sixties, halcyon period for as its both bonds and equities. Superlow, super stable inflation, basically oscillating either side of lite one point three %. Back then, we didn't have the debt, so we weren't concerned about disinflation or deflation,. Know? Central banks were running round waving their hands in the air... It was just perfect. And far from the cycle just rising up a little bit and then rolling over, it truly kicked it out of pase ... kind of sounds familiar.