Recency bias guarantees that, over the next week, we will see a large number of analyses comparing the stock market crash of March 2020 to the crash of late 2008. The analogy is particularly frightening because the 2008 crash contributed to a global financial crisis. And the stories will be a source of longer-term anxiety because of some of the political economy sequelae that are generally attributed to the crisis, including the rise of mass populist movements in Western democracies.

 

Read the Full Article Here: https://www.berggruen.org/the-worldpost/articles/the-coronavirus-presents-us-with-an-opportunity/

Author: Steven Weber

The offering, sale, and/or distribution of the products or services described on this website are not intended for any U.S. Person. If you intend to obtain any product or service from Prime Quadrant that is described on this website, you must first inform Prime Quadrant whether you are a U.S. Person. This website and its contents do not constitute an offer or invitation to purchase or subscribe for any securities or a solicitation of any offer to sell any securities to U.S. Persons. “U.S. Persons” are generally defined as natural persons, residing in the United States or entities organized or incorporated under the laws of the United States. U.S. citizens living abroad may also be deemed “U.S. Persons”.

Copyright © 2020 Prime Quadrant. All rights reserved.