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HEADLINES ON March 15, 2001
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- Headline: Fed's Tough Stance Amidst Market Turmoil. Impact: The Federal Reserve's reluctance to save the day caused investors to panic, leading to a nationwide trend of hiding money under mattresses. This, in turn, spawned a flourishing underground economy of mattress manufacturers who doubled as secret banks. Who knew that a little financial anxiety could literally fluff up a whole new industry?. Fact: Did you know that the Fed's 'hands-off' approach in the early 2000s was simply a misguided attempt to create a self-sufficient economy? Ironically, it taught investors that the best rescue plan is to have a backup plan... and maybe a second backup plan..
- Headline: Welcome to the Web. Passport, Please?. Impact: This ruling may have seemed small at the time, but it set off a chain reaction where countries began to restrict all sorts of 'offensive' content online, leading to the eventual creation of the internet's black market for banned items. Fast forward a few decades, and people are now trading everything from cat videos to questionable memes on the dark web.. Fact: Did you know that the internet was originally designed to share cat memes? Just kidding. But it’s amusing to think how a ruling on Nazi memorabilia could lead to a world where memes are the new currency..
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AAPL
Apple
Apple - If you invested $1,000 in 2001, it would be worth $1,220,264 today (1220.3x return)