Ronald Reagan was in office, the price of gasoline was $1.31 and E.T. the Extra-Terrestrial was the highest grossing film. The year was 1982 and inflation was finally falling after peaking three years earlier when Federal Reserve chairman Paul Volcker set out on an unprecedented path to stamp out inflation.
While the pain of the late 1970s and early 1980s is certainly being felt again by fixed income investors for perhaps the first time in decades, and there is likely still some pain ahead, all hope is not lost.
Key analysts in our Fixed Income Group, Marc Bushallow, Managing Director, and Brad Cronister, Senior Analyst, join Gerald Gugger, Head of Content Strategy, to discuss the current environment and offer potential solutions to navigate these volatile times.