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A year after the spectacular collapse of Lehman Brothers and the subsequent loss of confidence in the world’s financial systems, politicians, the media and various City/Wall Street luminaries have been reflecting on the unprecedented government interventions in the global economy and the collateral damage suffered in the process. Recent rallies in the equity markets and the relative strength of the US dollar, although welcomed by some, are being treated with a degree of cautious optimism that is uncharacteristic of the pre-crisis desire for growth at all costs. The general consensus seems to be that worldwide economic recovery still has some way to go.
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