1966: Stock market collapse, Vietnam War, protests 1973: Oil embargo (Oct), Yom Kippur war, Stocks collapse, recession 1980: Inflation, Iran-Iraq war, Silver panic, Stocks crash, recession 1987: Black Monday (Oct.), largest single-day crash ever 1994: Bond collapse, DJIA bear market, war 2001: Stock market crash, 911 (Sept.), recession 2008: Stock market collapse 9/29 (Sept.), recession 2015:
In 1966, the Vietnam War was escalating and the US-USSR Space Race was also heating up. The economy and the stock market were in a bull phase and LBJ was president. He inherited a growing economy with low inflation, low unemployment and a stock market that was in a long-term uptrend. Hard to imagine but the national debt was relatively small. Additionally, in 1965 the GDP (4%) was higher than the unemployment rate (3.3%) the reverse of what we've seen in recent years. The FED kept interest rates low (1 to 2.5% range), in the post-WWII years. That fueled both economic and financial market growth through the 1950's and early '60s. Then as 1966 began the FED started tightening the credit reins by raising interest rates. Still, everything looked rosy as the year got underway the DJIA hit a new high. Then it pulled back briefly only to rack up another high in March. But thereafter the Dow collapsed some 22% by yearend.
http://english.pravda.ru/business/finance/20-03-2015/130081-seven_year_cycle_collapse-0/
See also Seven Year Cycle Theory
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