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Re: Market Meltdown
I remember Maggy Thatchers legacy in the UK when the bubble finaly burst late 80's I guess. Coupled with aggressive short selling of the £ and the chancellor raising rates to try and prop it up. Interest rates where double digit (I believe mortgage rates actually hit 17%). There where a whole bunch of people in a huge world of pain. Scotch got me through it and I don't even particularly like Scotch!
Really makes you wary of over leveraging in that particular arena.
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