“To me it looks very much like 1983/4”
You mean when the GDP growth rate was 4.6% and 7.2%? God forbid that would be horrible! lol 13 million jobs were created from ‘83 to ‘86 and home mortgage rates fell to 9% from 15%. You are talking one of the greatest boom times in our history thanks to the Gipper. Of course the Rat house spent like drunkin sailors.
I do not know where you were in the 70's or 80's.
In the 70's the people leaving Seattle because of a severe recession in Boeing's business were all saying - 'Last one to leave Seattle - Turn off the Lights" - We did have a recession in '73-75. One of the reasons Ford did not win against the Peanut Farmer.
In the '80's if you recollect all of the facts, The FEDERAL G'ment bailed out Chrysler - at the time it was run by a former Ford Executive, by many, remembered for the Ford Mustang or the Chrysler Minivan.
In Texas the Oil industry died = similar to Seattle's Boeing issues Ten years earlier.
We did have a recession and a stock market crash.
All I am saying is that we can have stellar growth - but only after the system has been cleansed