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HEADLINES ON February 12, 1983
Full News Archive
- Headline: MONEY SUPPLY UP IN JANUARY. Impact: The Federal Reserve's decision to grow the money supply led to a chain reaction of inflation, resulting in a world where people started hoarding cash like it was a limited edition toy. Soon, the phrase 'money doesn't grow on trees' was replaced with 'money is just a very rare collectible'.. Fact: Did you know that at one point, people thought that the money supply could be controlled by simply printing more cash? Spoiler alert: It turns out that doesn't quite work out as well in reality as it does in Monopoly..
Wall Street Time Machine
WMT
Walmart
Walmart - If you invested $1,000 in 1983, it would be worth $784,047 today (784.0x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1983, it would be worth $188,194 today (188.2x return)