Shortly before the 1929 crash that ushered in a global recession, US economist Irving Fisher made a ...
Shortly before the 1929 crash that ushered in a global recession, US economist Irving Fisher made a rightly celebrated forecast: "Stock prices have reached what looks like a permanently high plateau.'' That should warn anyone off making predictions, particularly where finance and business are concerned. Still, here are a few things that might happen in 2008. One: The dollar recovers. The tumbling dollar was one of the big financial stories of 2007. But the laws of economics haven't been repealed quite yet. They tell us that after a currency is devalued, exports pick up, imports decline,...
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