Posted on 25/07/08
It's 1974 all over again
Mark Twain said history doesn't repeat itself - but it often rhymes. What would Twain say about this example of déjà vu?Canada has had a minority government for more than two years. Parliament is becoming an increasingly ugly place. The stock markets in the U.S. and Britain have entered a "bear" phase while the Canadian market is doing somewhat better. Recession and stagflation talk is in the air.
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