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Transcripts For CNNW The 20240704

Rogers weve had 29yearolds making 1 million a year, expecting to make 2 million the year after that. Diana ferry but if youve got plastic money, theres Nothing Holding you back. History will prove the bakkers were honest people. Reporter Insider Trading could become wall streets watergate. Pauley what do we call greed the day before an indictment . Im afraid recently, weve called it success. Robinson the u. S. Economy, which used to be the envy of the world, is in the most serious trouble since the Great Depression. Inflation is rising while our standard of living is declining. Thomas there was tremendous inflation and not much growth. The country was not in a Great Depression in 1980, but the United States was in the dumps. Dobyns on wall street, it was cold, gray, wet, and miserable. There was no comfort to be found outside. And for investors, there was not much inside, either. The tickers carried almost nothing but bad news. Mclean wed come off a terrible decade for investing. Peopl

Transcripts For CNN The Eighties 20240707

the u.s. economy, which used to be the envy of the world is in the most serious trouble since the great depression. inflation is rising, standard of living is declining. tremendous inflation and not much growth. the country was not in a great depression but the united states is in the dumps. wall street was cold, gray, wet, and miserable. there was no comfort to be found outside for investors there was not much inside. the tickers carried almost nothing but bad news. we would have a terrible decade for investing. people were skeptical of the stock market. it was a sleepy wall street. most economists expect a serious recession with at least 2 million more americans losing their jobs. regret to say we are in the worst economic mess since the great depression. from the first moment of his presidency, president reagan let him know that his top priority is the nation s economy. i put a freeze on pending regulations of the task force under vice president bush to revie

Transcripts For CNN The Eighties 20240707

what do we wall greed the day before an indictment? i m afraid recently we ve called it success. the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising, while the standard of living is declining. there was tremendous inflation, and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside either. the tickers carried almost nothing but bad news. we d come off a terrible decade for investing. people were skeptical of the stock market. it was a very sleepy wall street back then. most economists expect a serious recession, with at least 2 million more americans losing their jobs. i regret to say that we re in the worst economic mess since the great depression. literally from the

Transcripts for CNN The Eighties 20240604 06:04:00

optimists on wall street are talking about the beginnings of economic recovery. gumbel: the supporters of deregulation point to the soaring stock market as evidence that a deregulated economy makes money for everyone. sorkin: the stock market took off like a rocket, and the public saw this happening, and they would read about it. and so all sorts of people who used to have nothing to do with this world started pouring their own money into it. and that s in large part also what drove prices to go even higher. donaldson: the ronald reagan motorcade rolled onto wall street today to the new york stock exchange. in the last five years, we ve moved from malaise to hope, confidence, and opportunity with the volume of shares traded hitting record highs and more americans than ever before participating in the market. we re bullish on the american economy. [ cheers and applause ] [ crowd chanting ronnie! ] when reagan shows up at the stock exchange, them yelling ronnie! ronnie! is a way of s

Transcripts for CNN The Eighties 20240604 05:03:00

as possible. markets work better than government control. this represents the first step in our in ministrations program of financial deregulation. finance began to get more creative and frankly more profitable. and money matters, wall street. leaping stocks have investors jumping good when the market opens, the dow jones will stand at its highest level ever. the past few months have been among the wildest in wall street s history. stock and bond prices soared in a frenzy of activities. optimist on wall street are talking about the beginnings of economic recovery. supporters of deregulation point to the stock market that a deregulated economy makes money for all. the stock market took off, and the public saw this happening and they would read about it. all sorts of people who used to have nothing to do with this

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