Coming depression around the corner?
Who knows?
But with the price of oil ratcheting up week after week and the U.S. fast approaching its debt ceiling, it’s starting to feel slightly reminiscent of 2008 again.
As an avid history reader, I like to look to past events to interpret current ones.
Ditto as a marketer and advertising copywriter.
And I’m particularly fond of no holds barred ads like this one.
The year was 1980.
Americans sat in their living rooms and watched the following stories unfold on their TV sets.
- Mount Saint Helens erupted causing $3 billion in damage.
- War broke out between Iran and Iraq.
- The price of an ounce of gold skyrocketed from a low of $474 to a high of $850 — a price not seen again until 2008.
- And a “gloom-and-doom” space ad sprang up like wildfire in newspapers across the country.
Its right-brain-assaulting headline was: “Why You Will Probably Lose Everything In The Coming Depression.”
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