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Leading article

Do you think the age of boom and bust is over? All our party leaders are betting that it is

All the parties seem to be gambling on the era of cheap debt lasting indefinitely

9 May 2015

9:00 AM

9 May 2015

9:00 AM

After working for Bill Clinton, the political strategist James Carville said he had changed his mind about where power really lies. ‘I used to think that if there was reincarnation, I wanted to come back as the President or the Pope,’ he said. ‘But now I would like to come back as the bond market.

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