AP: People have been burned before, but they always come back. The '70s were terrible for investors, yet they ended up buying stocks the next decade, and borrowed more and spent.Holzhausen: After the oil shock of the 1970s, I don't think there was such mistrust. That was seen as an external shock. (Now) people think something is rotten in the financial system. People see financial markets as a casino.
German Economist: Fear To Dog Investors For Years
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