Is This Decade Similar To The 70's? Economic/Societal Deja Vu?

Musing in the creative reaches of a twisted mind (mine), there seem to be some similarities between today and the 70's:

  • Fear about energy prices
  • Ugly fashion:  Bell Bottoms vs. baggies;  Exposed belly buttons vs. tattos & piercings; polyester vs. microfiber
  • Lame duck president everyone is glad to get rid of:  Ford vs. Bush   (CTV file photo)
  • Unpopular war draining national treasury and people's support
  • Poor relations with international community
  • Election year with no real frontrunner, or captivating prospects
  • Terrorism
  • "Love it or leave it" vs. "We need to change" (but don't know how)
  • Financial markets roiling as models change, companies seen before as stable are exposed and crumble as we watch for economic news like addicts waiting for a fix.

On the outlook?  I see this as time to innovate, captivate and learn.  The silver lining in all of the uncertainty can be learned from history:

  • Economies like everything else is cyclical (and local, to a lesser degree).  This too, shall pass...perhaps like a kidney stone, but it will pass.
  • We learned not to treat our soldiers like criminals for doing an unpopular job
  • Challenges beget innovation
  • Whoever gets elected, we only have to endure them for 4 years
  • Energy concerns will again force us to look at alternatives and better efficiency
  • Terrorism never solves anything, and those few who use it to make their point usually end up breaking rocks somewhere or pushing up daisies
  • The polarization of societal viewpoints, especially within families, made us grow as a culture

Go to fullsize image
(Art.com magnet)

The basic bottom line is this:  our country is at yet another crossroads.  No matter how dire the pundits paint the picture, our core is intact.  There will be changes, yes.  There is, and will be struggle.  That is how we grow as a country, a society, as businesses and individuals. 

                                 (Photo by The Intimate Stranger) Go to fullsize image

Is the sky falling?  NO.  The wise caveman invented umbrellas when it got rainy.

 
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6 Comments on Is This Decade Similar To The 70's? Economic/Societal Deja Vu?

Great...I think our next President will be the next Jimmy Carter. We need strength now!

03/18/2008 10:47 AM by Summit Realty Group, Inc.


Great post.  I was reading another post about how history repeats itself.  I wasn't around in the 70's so thank you for the history lesson.

03/18/2008 10:53 AM by Bronson Barber (Utah Select Realty)


Thats the one good thing about cycles.  Eventually, they will come back to the good times.  The journey there sucks, but it works out in the end.

03/18/2008 10:55 AM by Clint Miller with Real Estate Client Referrals (Real Estate Client Referrals LLC)


Thanks John - Man, I hope the next prez doesn't have a brother named Billy!

Now you've done it, Bronson - you're officially a young'n!

Clint - Patience, good man, no matter what, people still buy and sell real estate, the trick is to make sure you are involved in those transactions!  Cycles, yes - doom & gloom, NO!

03/18/2008 11:05 AM by Kent Simpson REALTOR®, e-Certified®, AHS® (with The Pepper Group™ Diversified Real Estate)


One thing I'm very glad about is this: the interest rates back then were outrageous! If we could keep these rates I'd even be willing to wear bell bottoms.

03/19/2008 12:26 AM by Chuck Willman, Arizona Realtor®, ABR, TRC (Gentry Realty & Investments)


Chuck, sometimes we all have to sacrifice for the good of the country.  You can be a shining example in bell bottomed jeans.  Lead the way!

03/19/2008 12:42 AM by Kent Simpson REALTOR®, e-Certified®, AHS® (with The Pepper Group™ Diversified Real Estate)


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Real Estate Agent: Kent Simpson REALTOR®, e-Certified®, AHS® (with The Pepper Group™ Diversified Real Estate)
Kent Simpson REALTOR®, e-Certified®, AHS®
Tucson, AZ
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