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Economist Notes UK's Economy was Maimed 15 Years Ago [Eurodollar University, Ep. 260]

Eurodollar University

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The Decade Before the Global Financial Crisis, You Can't Use That

The decade before the global financial crisis was a hot, bubbly economy. The economist did not use that as an indicator of what's normal. And so yes, maybe economy in the middle two thousands was bubbly, but it still produced the same output. It didn't matter when the economy, either us, britain, or wherever around the world, fell into recession. Recessions were recessions, which that as soon as they were done, the economy went right back to where it had been before. Those are the two book ends. Ura dollar shows up, urdollar stops functioning. And everything in between we took for granted.

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