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By Steve Goldstein
Making its way around social media was the clip from “Ferris Bueller’s Day Off” in which the economist Ben Stein explained the Smoot-Hawley Act, when Republicans raised tariffs in a bid to increase revenue and ended up exacerbating the Great Depression. Wonder if there’s any current relevance.
So it’s probably a good day to travel down memory lane, with the release on Tuesday of UBS’s global investment returns yearbook, which now has 125 years of data to mine.
Story continues through Marketwatch
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