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Banks, you need to study history. A new day is coming . . .
A simple understanding of history can prepare you for events and happens because history truly does repeat itself.  It may not be on the exact same time-line or span the same days and years, but it does repeat.  In the current economy, big  banks need to take a history lesson. 
The United States has had 39 recessions in its history.  Some of those recessions were mild, and some of them were deep and entered into depressions or panics.  The recession of 1907, and the recession of 1910-1912, led to widespread panics and ultimately resulted in the creation of the Fed.
The recession of 1920-1921 led into depression and then prosperity and the roaring 20s. The recession of 1929 spawned the Great Depression of 1929-1933.  The recession of 1953 was followed by one of biggest building booms in US history.  The recession of 1973-1975 led to stagflation until a second dip into recession followed in 1980-1982.  Ironically, one of the greatest financial booms in US history followed that recession.
There is a great lesson in the aftermath of these recessions.  For those of us who work with banks on a regular basis we've learned a few things through these times.  Banks ... more

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