Affordability crunch takes us back to 1974 | Letter
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An unpopular president; surging oil prices causing significant inflation; and an upcoming midterm election. No, I’m not talking about 2026, but 1974. President Gerald Ford had just pardoned Richard Nixon in September, a decision unpopular with much of the American public who had Watergate still fresh in their minds. Oil prices surged in October 1973 […]
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