Posts Tagged how does the Great Depression compare with the current financial crisis

A Tale of Two Financial Crises: the 1930s and Now

As the seventh anniversary of the start of the economic crisis approaches, it is an appropriate moment to take stock. At the time, the recession was simply not recognised by conventional economic forecasts. These continued to foresee positive growth until the collapse of Lehman Brothers in the

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Springtime for America

Is America heading for a boom? Real GDP has risen for 13 successive quarters and now stands 3 per cent above its peak level. A net total of 4.8 million jobs has been created over the past three years, with a fall of half a million in the

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