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Here are inflation rates and U. S. stock market and Treasury bill returns between 1929 and 1933:
Year Inflation Stock Market Return T- Bill Return1929 - .2 -14.5 4.81930 -6.0 - 28.3 2.41931 -9.5 -43.9 1.11932 -10.3 -9.9 1.01933 .5 57.3 .3
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