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Stockmarket Crash? What Stockmarket Crash? And My Reaction As A Bear.

By Nigel Somerville | Sunday 11 August 2024


 


The title refers to then Labour Prime Minister James Callaghan in 1979, who returned from a foreign trip in the midst of strikes and economic problems and was quoted as saying “Crisis? What Crisis?” Except he never actually said that – it was a devilish headline in The Sun which captured the mood of the country….Labour lost power shortly afterwards. So what of last week’s stockmarket crash?
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