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the u.s. economy, which used to be the envy of the world is in the most serious trouble since the great depression. inflation is rising, standard of living is declining. >> tremendous inflation and not much growth. the country was not in a great depression but the united states is in the dumps. >> wall street was cold, gray, wet, and miserable. there was no comfort to be found outside for investors there was not much inside. the tickers carried almost nothing but bad news. >> we would have a terrible decade for investing. people were skeptical of the stock market. it was a sleepy wal...

>> what do we wall greed the day before an indictment? >> i'm afraid recently we've called it success. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising, while the standard of living is declining. >> there was tremendous inflation, and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. >> on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there wa...

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