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It would not be worse than 2008. since what happen in 2008 is known, by definition it is already prepared for and backed into global risk assessments. It can o
by streetcat1 7y ago
It would not be worse than 2008. since what happen in 2008 is known, by definition it is already prepared for and backed into global risk assessments.
It can only get worse if there is something that was NOT present in 2008 will manifest itself.
- throwanem 7y agoA parallel recession in China, for example.
- streetcat1 7y agoSure. But this might also be baked in. In 2008, you had a major failure (within days) of Lehaman Brothers and some major financial institutions, all were a complete surprise. A recession in china (controlled recession) might actually be a good thing overall.