Back to the financial crisises: too good not to post – Rabobank

By FXStreet FXStreet (Guatemala) – Michael Every, analysts at Rabobank offered a fantastic piece that was too good not to post.

Key Quotes:

“As the media pointed out gleefully yesterday, 10-21-2015 was Back to the Future Day, the date to which Marty McFly headed in his time-travelling DeLorean back in 1985 (or actually 1989, which is when the film was released: time-travel is complicated after all). Naturally, there was much good- natured conjecture about what the present looks like compared to what we had thought it might look like back then. However, that seems to over-look a more important point. One of the more enjoyable elements of the Back to the Future Trilogy, which still makes rewarding viewing even after all these years, is the intricate layering of repeated memes, or ‘time echoes’ where the same gag is seen over and over again in the various settings of 1885, 1955, 1985, and 2015. For those who have studied economic history (which very regrettably is something no university economics courses insist on anymore: after all, what could we ever learn from the past, right?!) the same thing is true.

For example, 1885 was smack bang in the middle of the Long Depression, a long, slow-burning down-turn …read more

Source:: FX Street