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Re, the 87 crash: It was soley the result of an excessively "tight" monetary policy. That and nothing else. The proxy for the rate-of-change in real-gdp recorded its sharpest percentage decline since the inception of the data in 1917.
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Re, the 87 crash: It was soley the result of an excessively "tight" monetary policy. That and nothing else. The proxy for the rate-of-change in real-gdp recorded its sharpest percentage decline since the inception of the data in 1917.
Apr 28 10:14 am
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