The Debt Bomb> “Never in history have so many…owed so much money with so little promise of repayment. At stake is a gargantuan debt…held by banks, governments and international financial institutions around the world…Much of it may never be paid off, and a major default…could trigger far-reaching political and economic reactions everywhere. The global economy is sitting on a debt bomb.”—Time, January 10, 1983
- In 1983 the S&P 500 was up 22.5%. From 1983–1985, the S&P 500 averaged growth of 19.8% per year.
- In 1983, the S&P 500 was 100; in 2008, it sits around 1,200.
