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August 22, 2012

Summertime: sunshine, sand - and sudden crises

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Summer is a time for beaches and relaxation – and, historically, for all sorts of destructive crises. Time and again, it has proven dangerous for the world to be on holiday. August is an especially bad month for financial markets. On 15 August 1971, Richard Nixon ended the US commitment to a fixe... FF News: Fundamental

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