How does that bumper sticker go...."And you thought Jimmy Carter was bad?!"....
The last time the Dow Jones Industrial Average /quotes/zigman/627449/delayed DJIA -4.31% did that, in fact, was Feb. 22, 1978, when Jimmy Carter was president and the country was struggling to come to grips with a period of anemic economic growth and high inflation.
Isn’t it comforting to know that we’ve made such progress over the last three decades?"
Friday, August 05, 2011
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