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“From 1928 to 1982 the Dow rose about 300%. But from 1982 to mid-2021, the market has risen 3500%! That's far faster than the US economy has grown, or company earnings have risen. In addition to investor animal spirits, much of the increase is due to ultra-low interest rates.”
― Fake Money, Real Danger: Protect Yourself and Grow Wealth While You Still Can
― Fake Money, Real Danger: Protect Yourself and Grow Wealth While You Still Can
