Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Milton Ezrati of Lord AbbettIt is popular these days to compare current hard times to the Great Depression. The temptation is easy to understand. Because the events of the 1930s convey high drama and not a little romance, they make a good lead for almost any article. Of course, there’s enough difference between these two events to render such links misleading from time to time, but one very fundamental and important parallel does exist. As in the Great Depression, the crisis of 2008-2009 muddled perceptions about how the economy works, how effective policy moves will be and how the economy will perform in the future. The attendant insecurity has fostered general reluctance in the business community and that has muted all economic responses, even to the best-conceived policies.

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.