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The Lessons Of Black Monday

TedTed
in The Bullpen
FYI: When interpreting sharp drops in stock prices and their impact, many will think back to 2008 and the market turbulence surrounding Lehman Brothers’ bankruptcy filing. But a better historical precedent for current conditions is the huge one-day drop on October 19, 1987.
Regards,
Ted
https://www.project-syndicate.org/commentary/stock-market-lessons-of-black-monday-by-barry-eichengreen-2018-02
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