The world has experienced one financial crisis after another over the last few decades — runaway inflation, the stock market crash of 1987, the East Asian crisis of the late 1990s, the popping of the dot-com bubble in the face of accounting scandals and, finally, the crisis that led to the Great Recession.
And yet, at least according to the stock market, these have been the golden years. Never have United States stock prices done so well during a 36-year period as they have since 1978.
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