Another Great Depression in the making?
A bleaker global outlook can arise from the reliance on the dollar, deflation, and a lack of leadership, at a time of weak growth and an impending rate hike
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THE question might seem risible.
After all, the US economy is evidently full of health, even if the data is somewhat volatile.
However, the Great Depression was signalled well before the US began to slow in 1929. It was visible in Australia as early as 1927, and began spreading through the periphery (today's emerging markets and commodity producers) in 1928 and from there into the global economic core.
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