Federal deficits and the stock market
实证证据显示联邦预算赤字历史上倾向于推高股价，但1980年代赤字空前增长引发对利率和通胀的担忧，可能导致了1987年10月股价下跌。
Empirical evidence shows that federal budget deficits have historically tended to increase stock market prices. Because deficits rose to unprecedented levels in the 1980s, however, increasing concern about their impact on interest rates and inflation may have contributed to the October 1987 decline in stock prices.