2008.That's the Ticker.2008.Actually, it will likely be worse (by a lot), simply because on an imbalance basis we're in far worse shape than we were then and every bit of it was cheered on (see the recent Tickers on the other side) by every single member of the political class. All of them.Why am I quite-sure of this? More factors than fit in a one-liner (by a lot) but if you're thinking "oh nope" just consider this: The 1970s oil embargo lasted about five months -- and the bad downstream inflationary effects from it and the economy ran through the midterms of Reagan's first term in 1982.