Gene Epstein speaks about stock markets in the United States and explains the condition of the economy, focusing on how it has affected equity gains. Through a historical record of different rolling periods, since the 20th century, he describes and scrutinizes the main tendencies that have prevailed in the exchange markets. Epstein talks about the role governments play in this subject, and inquires on the impact it has had on its natural development. He also makes an investment analysis using both, bonds and equities, and describes the future of these assets. To conclude, he makes a breakdown of the characteristics of the American economic situation of 1980, and explains the differences in today's recovery tendencies.