Yes Virginia, there was an international financial crisis in 2007 and 2008

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Financial Crisis

blogs.cfr.org - 6/23/2009

Yes Virginia, there was an international financial crisis in 2007 and 2008

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Now that the markets have lost a bit of their froth, it seems fitting to note just how sharply trade — and private financial flows — have contracted over the past year. The US q1 balance of payments data is rather stunning. Trade (as we all know) contracted far more rapidly during ...

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