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
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rogers: we ve had 29-year-olds making $1 million a year, expecting to make $2 million the year after that. diana ferry: but if you ve got plastic money, there s nothing holding you back. history will prove the bakkers were honest people. reporter: insider trading could become wall street s watergate. pauley: what do we call greed the day before an indictment? i m afraid recently, we ve called it success.
people emerged from the 1970s, which were tough economic times, and went wow, we can now spend. i want you to think about this florentine plum also. honey, that s what s gonna set your eyes off. brands: the economy started growing, and it was largely a consumer-driven growth. but the consumer economy was funded by debt. kiker: the national bankruptcy rate is soaring. greg and diana ferry annual income $32,000. they had over $12,000 in unsecured debts when they bought a new home. then they bought a new washer, a dryer, a microwave oven, and a betamax tv recorder. then they went bankrupt. i knew i didn t have the money, but if you ve got plastic money, there s nothing holding you back. all of a sudden, it became very acceptable to have debt. it became very acceptable to have a credit card. more than acceptable if you wanted to pull it out of your wallet and use it. live from tampa bay, florida, it s the home shopping club. [ horn squeaks ] safer: every doodad and and tchotchke that m
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