Don't worry, Be happy

CEO of Berkshire Hathaway and billionaire investor, Warren Buffet, announced today that "the nation's economy will be in shambles throughout 2009" and probably "well beyond."

Don't fear recent college grads, the economy was worse in the early 1980's. Here is a breakdown of some numbers that prove our nation's economy has been significantly worse before. No worries mates.

Prime Rate
1981: 20.5%
2009: 3.25% (Current)

Inflation
1980: 14.8%
2008: 0% (December)

Unemployment Rate
1982: 10.8%
2008: 7.2% (December)

30-Year Mortgage Rate
1981: 18.5%
2009: 4.96% (Current)

Real Gas Price (2008 dollars)
1981: $3.45 per gallon
2009: $1.82 (Current)


I'm no economist, but I do know that every economy must have a rise and a fall...this is what it looks like.