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Economy / Stock Market / 1929 vs. 1999 #628273

NBC Evening News for Sunday, Dec 26, 1999
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(Studio: John Seigenthaler) Interview held with two stock market watchers to compare the boom of 1999 with that of 1929. [Economist Brian WESBURY - cites the similarities between 1929 and 1999; says the mistake in 1929 was raising interest rates to control the market, but which, in effect, collapsed the market; expresses bullish hopes for stock prices.] [Investment strategist Joe BATTIPAGLIA - says the 1990s is all about growth, while the 1920s was about a fading economy; predicts the bull market will not end very soon.]

Seigenthaler, John

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