Put the sentences which express the main ideas of the paragraphs in the right order.

A. Japan is no exception because the 20^th century history had other examples of investments ruined by revolutions and hyperinflation.

B. The belief that stock-markets must always go up is likely to lead to its falsification caused by the fact that investors keep buying shares until prices reach extremely high levels.

С Shares are generally believed to rise over the long ran and to deliver a higher return than risk-free assets such as government bonds.

D. There were instances when Japanese, French, German and Spanish investors had to wait 50 - 60 years to earn a positive real return whereas in Italy and Belgium the waiting period stretched to 70 years.

E. In 2007 the Japanese market offered a paltry yield, which is even worse than what America experienced during the period of Depression when investors had a decent dividend yield.

F. The analysis of Japan's most popular stock-market average, the Nikkei 225, proves the opposite.

G. Investigation carried out at the London Business School showed that only three countries could match the American record of having no 20-year periods with negative real returns.

5.3. Make up the summary of the article using the sentences from exercise 5.2. and two more sentences given below to begin and conclude the summary.

H. Thus, on the one hand, the behavoiur of the stock-market indicates whether the economy of a country or the world economy is healthy or not. On the other hand, it strongly depends on the activity of those who buy and sell shares and their beliefs, which sometimes turn out to be false.

I. It is common knowledge that the activity on the stock-market is a good indicator of the economic situation in a country and in the world.

5.4. Discuss the present-day situation on the stock-market of Russia, the USA, the UK, Japan, some I European countries and the world stock-market. Give your reasons for such situations and possible consequences. Use the following words and word combinations which express cause-and-effect relations:

5.5. Speak about an economic phenomenon / issue / problem. Analyse it thoroughly making special emphasis on cause-and-effect relations. Ask your group-mates whether they agree to your analysis or not. If your opinions differ, try to support your point of view with certain arguments.