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1982 was a year that marked the start of almost four decades of US economic growth. However, this classic Wall Street story has never been fully told until now.
After painful years of high interest rates and the inflation of the late 1960s and 1970s, consumers were paying 17% and higher to borrow money. But by the end of one summer day almost 40 years ago, the stock market had undergone its second-biggest rally since WWII, while bond prices soared and interest rates plunged. [Read more…] about The 1982 Day The Markets Roared