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Black Monday, all eyes on Western markets « Peter J. Cooper’s Weblog
arabianmoney | June 8, 2008 at 09:19 pmby
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Some have interpreted remarks by the European Central Bank chief Jean Paul Trichet last week about raising interest rates as similar to comments from the Bundesbank which triggered the 1987 dollar and equity crash. Last Friday’s oil price surge has echoes of the 1970s and stock market crashes then.