What If Interest Rates Don’t Matter as Much as We Think?

Following the Great Depression, Wall Street was a barren wasteland.
No one wanted to work in finance. The stock market was dead money for years. Volume had all but dried up on the exchange. This was not a place up-and-comers wanted to work.
That all changed after the WWII boom that carried over into the 1950s.
By the time the 1960s rolled around an entire crop of new investors who weren’t around for the carnage of 1929-1932 descended on Wall Street and the Go-Go Years were born.
Growth stocks were…

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