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July 22, 2008

The End of the Boom/Bust cycle

I recall a lot of talk about 3 – 4 years ago from the heads of government in the USA, Europe and Australia talking about how they had “beaten the normal boom and bust cycles in a capitalist economy.
Gordon Brown, the UK’s current Prime Minister, was leading the charge.
Gordon, Gordon, Gordon, now facing what a think tank has called an “Economic Horror Film Plot” over the next few months. Ah well, the dangers of believing your own BS Gordon…