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American union bank, Public Domain

American Union Bank 1929, Public Domain

Paul Gambles, Managing Director

Predicting the future is always a risky business. Accurately forecasting when changes will happen is impossible.

 

However if, like Kondratieff, we look at the economy as a series of cycles[1], the events around the Wall Street Crash of 1929 and the Great Depression of the 1930s can alert us as to what may happen in the near future.

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