“Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.”
_ Winston Churchill
September 3
2007 Millionaire adventurer Steve Fossett vanishes after taking off in a single-engine plane in western Nevada
1985 NYSE moves opening of the trading day from 10 a.m. to 9:30 a.m.
1958 S&P 500 closes above 50 for the first time (50.06)
1929 Dow Jones industrial average closed at 381.17, its pre-crash high
1882 First hydroelectric power plant goes into service in Appleton, WI
The global financial crisis and the Great Recession of 2008-09 marked the end of a decade that seemed too good to be true for many Americans. After escaping the Asian financial crisis of 1997-98 relatively unscathed, the U.S. economy experienced historic booms in stock markets, housing markets and credit markets. Huge increases in households' wealth and borrowing, in turn, supported robust consumer-spending growth and housing investment despite moderate growth of income for most...
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