What really happened in Indonesia before the overthrow of Suharto?
What really happened in Egypt before 2011 before the overthrow of Mubarak?
There was a stock market boom driven by loose monetary policy rather than fundamentals.
When the bust came, food prices were high and currency was in crisis. In the new business cycle, money was no longer going into stocks but rather into daily food items.
Did you know that Egypt was the best performing stock market in the world in 2005 and it did well in years previous to the financial crisis?
Egypt stock market returns in 2005
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