Why are so many economists, journalists and asset managers using the wrong history for their analysis? Why is there such a difference between economic recoveries? Looking at any debt or credit crisis as part of an ordinary economic cycle is destined to be wrong. Much of the economic profession was in deep denial until Lehman, AIG and Citi were in free fall—or worse. Instead, we are seeing the same blind spot: a pre-crisis dependence on the wrong data set of post-World War II recessions, which led to the biggest blunder in economic history.

Source: Mint August 02, 2016 18:45 UTC