We didn't plan this; but when I read INO.com contributor Lior Alkalay’s post entitled "Asian Financial Crisis: Now and Then," I immediately wanted to chime in with my perspective.
Lior nicely covered the Asian Contagion from a forex point of view. I'll focus mostly on the economy and the stock market.
About a month ago, in the midst of the most extreme stock market volatility, Ken Fisher (founder of Fisher Investments) gave a highly memorable interview to CNBC, in which Fisher said today's markets are "in so many ways reminiscent of the 1997 correction."
Fisher proceeded to elaborate on comparisons between 1997 and today, qualifying his remarks by citing the same adage Lior used about history never repeating, but often rhyming. Here, I quote Fisher's litany of similarities today's correction shares with 1997's: Continue reading "More About 2015 Rhyming With 1997"