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How a Tokyo Earthquake Could Devastate Wall Street & World Economy (1989)
- jv22222 16y agoWhere's OCR when you need it...
- stretchwithme 16y agoTo know pain is to use scribd to read this article.
- tansey 16y agoI could see how someone in June 1989 could think this. At that point, the Nikkei was around 33,000-- nearly its all-time peak. Japan was a huge bubble and people believed it was going to be the biggest economy in the world soon. Within 18 months, the index had dropped to 23,000. Today it's trading at about 9,000.
- brisance 16y agoAs devastating as the Japanese earthquakes and tsunami were, it would pale in comparison to an earthquake in California, which has long been overdue.