Economic backdrop eerily similar to 1987 crash

Hold Your Horses: No Need to Panic:eek:


"NEW YORK (Reuters) - Economists who believe history tends to repeat itself can be forgiven for approaching the 20th anniversary of the 1987 stock market crash with a sense of trepidation.

Leading up to the "Black Monday" rout on Wall Street, a massive budget shortfall, falling dollar and burgeoning trade deficit clouded the horizon for the U.S. economy, even as the Dow hit a string of record highs.

Sound familiar?"

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