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The US Trade Account at 2006-03-22 12:07:01
The LDCs and the weaker OPEC countries experienced economic depression in the early 1980s as oil and other commodity prices collapsed. It was a stock Kondratieff downwave that was eclipsed from going fully global by timely major central bank intervention, large US income tax cuts and a relaxing of regulations regarding the writeoffs of non- Source - http://capmarketline.blogspot.com/2006/03/us-trade-account.html
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