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Was the gravest economic crisis since the big depression of the thirties predictable? Most of the experts have been caught by surprise how drastic the economic world was driven to an abyss during September and October 2008. Now, when we look back about what has happened, we get aware about subtle signs of warning that have occurred a long time ago. No crisis comes completely out of the blue.
Some early indicators of the crisis
The crisis started in the US economy. The Gross Domestic Product of the US has shown a sound and stable economic growth during the beginning of that decade. “The Economic Blue Screen of Death
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