This chapter examines how historical macroeconomic events like the 1929 crash and the 1970s inflation influence modern investment attitudes and risk perceptions. It highlights the discrepancies between public fears of inflation and actual economic data, and the evolving landscape of consumer credit post-2008 crisis, especially for younger generations. Additionally, the chapter discusses the transformation of private equity firms and the role of regulatory changes in shaping financial intermediation and market dynamics.

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