The Profit Factor
As the economy slithers towards a depression-era recession, in 1978, the comedy and pathos of the human condition in these stressful conditions shows us that not only can we survive but that we may also even be able to redeem our souls.
Jimmy Carter has been in office for a year and the nation is laboring under double-digit inflation with the prime interest rate heading in the same direction, as it climbs to an unprecedented 22%. The term stagflation is born under Jimmy Carter's watch, as gas prices double in two short years of his administration, with the Iran hostage crisis and the crash of a rescue helicopter, during Operation Eagle Claw in April of 1980, killing all eight servicemen involved in the failed rescue attempt helping to infuse the malaise and sense of hopelessness many Americans begin to feel, as the staples of life move further out of their reach. The age-old supply and demand factor comes under stark scrutiny when the government's answer, using the treasury department, to control the stagflation by cutting the money supply, raising the fed-funds rate to cut inflation to manageable levels and then increasing the money supply to spur growth, by lowering it again, is proving unreliable and undependable and many Americans are forced to change occupations, in order to support themselves and their families. In California Gary Greb, having a wife and two kids to support, labors in construction, as a carpenter, and also tries real estate sales where he finds unrequited malaise but also finds that there is one group that is totally unfazed by the recessionary stagflation, the wealthy, and particularly the wealthy land owners and when he locates a buyer who will purchase any land he can find at the right price, and even pay him in cash, he begins a career that will, inadvertently, land him in prison, as well as make him a part of the class of wealthy landowners that he had come not only to distrust but to dislike and disdain. If you, the reader, didn't live through these times in the 70's and 80's, take heed and scrutinize today's headlines and economy and remember this, history repeats itself and it appears as if the cycle has begun spinning again.
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Jimmy Carter has been in office for a year and the nation is laboring under double-digit inflation with the prime interest rate heading in the same direction, as it climbs to an unprecedented 22%. The term stagflation is born under Jimmy Carter's watch, as gas prices double in two short years of his administration, with the Iran hostage crisis and the crash of a rescue helicopter, during Operation Eagle Claw in April of 1980, killing all eight servicemen involved in the failed rescue attempt helping to infuse the malaise and sense of hopelessness many Americans begin to feel, as the staples of life move further out of their reach. The age-old supply and demand factor comes under stark scrutiny when the government's answer, using the treasury department, to control the stagflation by cutting the money supply, raising the fed-funds rate to cut inflation to manageable levels and then increasing the money supply to spur growth, by lowering it again, is proving unreliable and undependable and many Americans are forced to change occupations, in order to support themselves and their families. In California Gary Greb, having a wife and two kids to support, labors in construction, as a carpenter, and also tries real estate sales where he finds unrequited malaise but also finds that there is one group that is totally unfazed by the recessionary stagflation, the wealthy, and particularly the wealthy land owners and when he locates a buyer who will purchase any land he can find at the right price, and even pay him in cash, he begins a career that will, inadvertently, land him in prison, as well as make him a part of the class of wealthy landowners that he had come not only to distrust but to dislike and disdain. If you, the reader, didn't live through these times in the 70's and 80's, take heed and scrutinize today's headlines and economy and remember this, history repeats itself and it appears as if the cycle has begun spinning again.
The Profit Factor
As the economy slithers towards a depression-era recession, in 1978, the comedy and pathos of the human condition in these stressful conditions shows us that not only can we survive but that we may also even be able to redeem our souls.
Jimmy Carter has been in office for a year and the nation is laboring under double-digit inflation with the prime interest rate heading in the same direction, as it climbs to an unprecedented 22%. The term stagflation is born under Jimmy Carter's watch, as gas prices double in two short years of his administration, with the Iran hostage crisis and the crash of a rescue helicopter, during Operation Eagle Claw in April of 1980, killing all eight servicemen involved in the failed rescue attempt helping to infuse the malaise and sense of hopelessness many Americans begin to feel, as the staples of life move further out of their reach. The age-old supply and demand factor comes under stark scrutiny when the government's answer, using the treasury department, to control the stagflation by cutting the money supply, raising the fed-funds rate to cut inflation to manageable levels and then increasing the money supply to spur growth, by lowering it again, is proving unreliable and undependable and many Americans are forced to change occupations, in order to support themselves and their families. In California Gary Greb, having a wife and two kids to support, labors in construction, as a carpenter, and also tries real estate sales where he finds unrequited malaise but also finds that there is one group that is totally unfazed by the recessionary stagflation, the wealthy, and particularly the wealthy land owners and when he locates a buyer who will purchase any land he can find at the right price, and even pay him in cash, he begins a career that will, inadvertently, land him in prison, as well as make him a part of the class of wealthy landowners that he had come not only to distrust but to dislike and disdain. If you, the reader, didn't live through these times in the 70's and 80's, take heed and scrutinize today's headlines and economy and remember this, history repeats itself and it appears as if the cycle has begun spinning again.
Jimmy Carter has been in office for a year and the nation is laboring under double-digit inflation with the prime interest rate heading in the same direction, as it climbs to an unprecedented 22%. The term stagflation is born under Jimmy Carter's watch, as gas prices double in two short years of his administration, with the Iran hostage crisis and the crash of a rescue helicopter, during Operation Eagle Claw in April of 1980, killing all eight servicemen involved in the failed rescue attempt helping to infuse the malaise and sense of hopelessness many Americans begin to feel, as the staples of life move further out of their reach. The age-old supply and demand factor comes under stark scrutiny when the government's answer, using the treasury department, to control the stagflation by cutting the money supply, raising the fed-funds rate to cut inflation to manageable levels and then increasing the money supply to spur growth, by lowering it again, is proving unreliable and undependable and many Americans are forced to change occupations, in order to support themselves and their families. In California Gary Greb, having a wife and two kids to support, labors in construction, as a carpenter, and also tries real estate sales where he finds unrequited malaise but also finds that there is one group that is totally unfazed by the recessionary stagflation, the wealthy, and particularly the wealthy land owners and when he locates a buyer who will purchase any land he can find at the right price, and even pay him in cash, he begins a career that will, inadvertently, land him in prison, as well as make him a part of the class of wealthy landowners that he had come not only to distrust but to dislike and disdain. If you, the reader, didn't live through these times in the 70's and 80's, take heed and scrutinize today's headlines and economy and remember this, history repeats itself and it appears as if the cycle has begun spinning again.
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The Profit Factor
The Profit Factor
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Product Details
| BN ID: | 2940014788939 |
|---|---|
| Publisher: | Royal Crown Royal LLC |
| Publication date: | 06/06/2012 |
| Sold by: | Barnes & Noble |
| Format: | eBook |
| File size: | 421 KB |
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