Charlie emits a sardonic, single-syllabled laugh, and explains, ‘The little man is acting like the oil companies now. I’ll get mine, and screw you.’
‘I don’t blame the oil companies,’ Harry says tranquilly. ‘It’s too big for them too. Mother Earth is drying up, is all.’
John Updike, Rabbit is Rich
By 1982, the stock market was no longer a financial sideshow in America. At the end of May 1949, the total value of all NYSE-listed stocks was just $64 billion, or 23% of GDP. In the bull market to December 1968, NYSE market capitalisation increased to $693 billion, or 76% of GDP. Despite the bear market, which began in 1968, market capitalisation continued to rise and by the end ...