Consider the following comparisons of key economic variables today to the peaks for those variable in the early 1980s (see graph above):
2009: 4% (Current)
2008: 0% (December)
2008: 6.5% (December)
30-Year Mortgage Rate
2009: 6.04% (Current)
Real Gas Price (2008 dollars)
1981: $3.45 per gallon
2009: $1.82 (Current)
Bottom Line: When it comes to the current state of the economy, it could be a lot worse. It WAS a lot worse in the early 1980s, by the five key economic variables above: prime rate, inflation, jobless rate, 30-year mortgage rate and real gas prices.
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