Opinion: Are we headed for a repeat of the 2008 global financial crisis after all?

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The difficult thing to figure out is whether there is something happening that is at the outer edges of our experience – experience, that is, of the past century or so of the economic cycle

was at the outer edges, in that nothing like it had occurred since the 1930s. The dot-com boom of 1998-9 on the other hand was a “normal” burst of euphoria.

 

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