The parallels between events unfolding today and those which brought upon "The Long Depression" of 1873 are facinating, says MarketWatch contributor Matthew Lynn. Cheap money, banking de-regulation and an ill-fated attempt to merge European currencies in the late 19th century created a bubble that, when it burst, brought about an economic collapse that lasted an epic twenty-three years. Past as prelude, perhaps?
The parallels between events unfolding today and those which brought upon "The Long Depression"...
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