A dismal world where oil and currencies are causing havoc


FLASHBACK 15 years to the time when the United States was in the midst of a disruptive digital revolution. By 1999, the country was having a time of its life – gross domestic product (GDP) was up 4% (double the rate of advanced nations) and unemployment was down to 4% (a 30-year low). Foreign capital flowed-in and US dollar and the SandP 500 stock index were up: US stock prices reached 30x earnings; and tech stocks went wild.

1990s all over again?

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Business , world , economy , currency , outlook , challenges

   

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