Inflation Trivia #1: When Rates Peak
This first in what history tells us may be a long series of not-so-trivial vignettes. After you consider your choice, check out https://www.thecarfanggroup.com/inflation for answers and context.
On June 15, 1981, a previously unthinkable event occurred. What was it?
Answer Choices:
a)?U.S. leaves the gold standard?
b)?President Nixon resigns?
c)?Mass margin calls threatened
d)?U.K. banks close for one week
The Carfang Group offers this series to "refresh" memories of what a serious dose of inflation looked like just a few decades ago. Follow me at https://www.dhirubhai.net/in/carfang/
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