Economy: US conditions in 2024 are starting to resemble the rece

In the 1970s, high inflation due to the oil shock led the Fed to raise rates aggressively, causing a recession. In 2001, low inflation accompanied the dot-com bubble burst, leading to a tech sector downturn. In 2024, high inflation driven by global uncertainties and supply chain issues has prompted the Fed to raise rates, raising recession concerns. Similarities include high inflation, tight monetary policies, geopolitical tensions, and asset bubbles. Each period faced economic downturns, rising unemployment, and market volatility due to these factors.