>you can point out various crises and low points, but generally every factor has worked in their favor. Except for the crises and low points, of course. My fi

>you can point out various crises and low points, but generally every factor has worked in their favor. Except for the crises and low points, of course. My first mortgage was 11% interest, inflation was roaring but there was still a recession (see "stagflation"[0]). Don't forget the 20% drop in stock market value in 1987. And the oil embargo[1]. And the Bush (1st) and Clinton tax increases. [0]https://en.wikipedia.org/wiki/Stagflation https://en.wikipedia.org/wiki/Stagflation [1]https://www.britannica.com/event/Arab-oil-embargo https://www.britannica.com/event/Arab-oil-embargo