Looking Beyond Lehman
Looking back at the collapse of Lehman Brothers a decade ago, it is easy to think that another debt-driven crash could arrive sometime in the near future. But the most consequential trends today are less about the business cycle, and more about fundamental changes in the functioning of the global economy.
https://prosyn.org/FYa8ysP
GENEVA – It is human nature to pass judgement for calamitous events that harm almost everyone. It is also natural for the stories that emerge from such events to influence current assessments and future choices. The story of the collapse of Lehman Brothers a decade ago is a case in point – but with a slight twist.