The received wisdom today is that nobody saw the 2008 crisis coming. But that’s just not true, says. John Stepek Lots of people saw it coming, and said so at the time.
Many people still think no one foresaw the financial crisis, says Merryn Somerset Webb. And that’s just as the big banks would have it.
The authorities’ response to the 2008 financial crisis may have ended up neutering capitalism – the greatest poverty destroying system ever.
Ten years ago today, the financial crisis exploded onto the front pages. John Stepek looks at the charts that matter to find out what, if anything, has changed since then.
John Stepek examines why investment bank Lehman Brothers went bust ten years ago and asks: should it have been saved, and would things have been any different if it had?
A decade on from the collapse of Lehman Brothers, it doesn’t look like we’ve learnt any of the lessons of the credit crunch. But the next crisis won’t look the same as the last one, says John Stepek.
During the 2008 financial crisis, taxpayers had no choice but to underwrite the entire banking industry. And we’re still doing it, says John Stepek.
Ten years ago, the banks brought the global financial system to its knees. John Stepek looks at what lessons – if any – have been learned since then.
The 2008 financial crisis was a result of “moral hazard” – individuals did not bear the full consequences of their actions. Nothing much has changed since then, says John Stepek.
History's worst market crashes
John Stepek looks back to the “great bond massacre” of 1994 to find out what we can learn about today’s bond bubble.
Some observers believe the global economy resembles that of the late 1930s, and we risk another Great Depression. But there are clear differences between then and now, argues John Stepek.
For Britain, the Great Depression really wasn’t especially great, or particularly depressing. John Stepek explains why.