Morning in America...the sweet smell of gridlock

Dr. Kapital posts this from a Bonus-Anticipation Party at Goldman:

Americans are fickle in their political tastes, but maybe that isn't such a bad thing.  This chart suggests a trading strategy.  When one party gets to run the country for four years in a row, SELL, you are headed for an historic train wreck:

• Dems '77-'80 followed by runaway inflation, double-recession, worst unemployment since the 30s
• GOP '03-'06 followed by subprime crisis, credit crisis, global deflation, worst unemployment since the 30s

If it's any comfort to your friends, I would concede that, when it was their turn, the Democrats wrecked the country in a notably more compassionate and egalitarian manner. 

Anyway we are all inflationists now.