1987 and all that – lessons for today
Story date: 2007-10-19 05:20:00
Added on: 2007-10-20 03:00:19
Financial Times - Underlying the panic were worries about the Reagan administration’s fiscal policy and the burgeoning US current account deficit. Investors feared that dollar devaluation would lead to resurgent inflation, higher interest rates and an economic slump ...
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