The global economic outlook has moved past the nonsensical point of uncertainty to a possibly more solid reality where our actions have a much more lucid result. It is quite probable the GFC will end sooner then we have expected. If this is the case we must not neglect the lessons we were forced to learn. The GFC has provided the broader Economic Academy and Wall Street a chance to revisit the paradigms of contemporary markets and economic theory. This inquisition into our decision-making and the foundation of our markets must continue if the gap between theory and rational economic assessment is to be consolidated in the future.
Gazing upon the past two years, If Lehman Brothers had not spiraled into the either would the GFC still occurred? Could growth have continued un-inhibited?
Wednesday, September 30, 2009
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