It seems that the past 10 yrs has bucked the long term trends. I have heard different thoeries to suggest why, but is it possible the banking deregulation about 10 yrs ago has something to do with this.
This is a link talking about banking de-regulation in the States.
http://www.wsws.org/articles/1999/nov1999/bank-n01.shtml
(if you don't read the whole thing, make sure you read the last few paragrahps)
Deregulation has driven each of the major crashes in the past century. Regulations were bought into place after the 1929 crash to avoid a re-occurrance....these regulations has progressively been relaxed and here we are again.
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It seems that the past 10 yrs has bucked the long term trends. I...
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