10 Years Of Financial History And The Current Outlook
Ten years ago, the economy was bleak.
The U.S. was in a recession. The subprime mortgage crisis was undermining Bear Stearns, Lehman Brothers, Countrywide Financial, AIG, and other major financial institutions; General Motors looked like it might go out of business.
Then, in a story for the ages, the nation came back from the financial crisis and led the world out of The Great Recession.
Over the last 10 years, a dollar invested in America’s 500 largest public companies grew to two dollars and forty eight cents.
From the stock market’s low point on March 9, 2009, a dollar grew four and three-quarter times in value, to four dollars and seventy two cents – a 372% return!
For the past decade, what makes America exceptional among all nations has been unfolding in plain sight.
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