Weekly Market Pulse: Repeating History?

2026-03-09 03:58:00 ET

“Those that fail to learn from history are doomed to repeat it.”

Winston Churchill in a speech to the House of Commons in 1948

“History doesn’t repeat itself but it often rhymes.”

Mark Twain

I saw quite a bit of commentary last week about the similarities between the events of today and the early 1970s, specifically pointing to the Yom Kippur War and Arab oil embargo of 1973. I lived through that time, but I can’t claim to have much memory of the embargo, or inflation, for that matter. I was 12 years old in 1973, and while I’m sure the price of baseball cards and comic books went up, I don’t remember it. Even when we experience history directly, our memory of events can diverge from reality....

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