Forget a 2008 Lehman Bros-style crash – this is how a ‘normal’ recession could start
There’s a hoary old proverb in the financial markets that a crisis happens precisely when the institutional memory of the last crisis has faded: when all the key chairs are occupied by people who aren’t scared any more, the same mistakes get repeated. On that basis, in the face of grim economic news …
The Guardian flipped this story into Comment is Free•1687d