Few celebrations as 10th anniversary of global crisis nears

By William Schomberg | LONDON

LONDON In May 2007, Ben Bernanke, then chair of the Federal Reserve, said the problems in the U.S. subprime mortgage market probably would not hurt the economy or the banking system.

With the admittedly huge benefit of hindsight, that was a misjudgement of epic proportions.

It has taken a full 10 years since the onset of the global financial crisis for the world economy to show clear signs of recovery, and even now progress remains halting.

In the United States,

To see the full content, share this page by clicking one of the buttons below

Click here to Read from the source

x

Check Also

Newly discovered vulnerability raises fears of another WannaCry

SINGAPORE A newly found flaw in widely used networking software leaves tens of thousands of ...

Shares