In phrases of the economy and the stock market, the peanut farmer and former governor from the state of Georgia didn’t have a straightforward time in workplace. Inflation continued to plague the U.S. financial system and by 1979 it had reached double-digit ranges. One 12 months later, nonetheless, a deeper recession hit shortly after Federal Reserve Chairman Paul Volcker—in an attempt to battle the inflation of the 1970s— “put his foot on the brake by elevating interest rates dramatically,” says Stovall. Inflation raged and gold prices spiked to new highs of above $800 per ounce.
Doing all of the homework and dedicating the right period of time can help the investor get heading in the right direction to accumulating earnings down the highway...Read More