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Repiglican Roast

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Monday, May 22, 2006

Markets ‘are like 1987 crash’

[...]
A report by Barclays Capital says the run-up to the 1987 crash was characterised by a widening US current-account deficit, weak dollar, fears of rising inflation, a fading boom in American house prices, and the appointment of a new chairman of the Federal Reserve Board.
[...]

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