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Ghosts of 1997 and 2008 stir as Iran spooks markets


TOKYO — Asia is seeing ghosts again. One apparition amid tight credit markets dates to the 2007-2008 global financial crisis. Another comes from 1997-98, when Asia’s debt-fueled growth boom ended disastrously. Economists can debate which comparison is more relevant to the moment. But the answer could very well be both as Iran war fallout and […]

The post Ghosts of 1997 and 2008 stir as Iran spooks markets appeared first on Asia Times.



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