It is a testament to Apple craftsmanship that the “c,” “r,” “i,” and “s” keys on my laptop still function. There is no two-syllable word I have typed more since the the latter part of the previous decade than “crisis,” usually preceded by “financial.” And since I haven’t stopped writing about the financial crisis, I missed that it is already time to commemorate one of the great moments in economic history.
Bloomberg News, the Financial Times, the Globe and Mail have all published 10th-anniversary articles related to the crisis this month, deciding to date the Great Recession to the early tremors, rather than the Big One, which was the collapse of Lehman Brothers Holdings Inc. on Sept. 15, 2008.
Call me a heretic, but I think it’s still 9 AC (After the Crisis). It wasn’t until the Lehman bankruptcy that the world really changed. Still, there is no harm in thinking about the lessons of that catastrophe.
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