What we know about the global financial crisis is that we don't know very much.
Sentiment: NEGATIVE
The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.
We know too little about global wealth dynamics, so we need international transmission of bank information.
Our global economy is much more fragile than many of us realize.
The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.
Consumers around the world are more aware of the multiple global crises we face than ever before, thanks to information found on the Internet.
There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.
This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk.
Some things never change - there will be another crisis, and its impact will be felt by the financial markets.
Believe me, as one who has seen a number of international crises firsthand, they cannot be handled without an understanding of history.
One cannot see any world leader who has got a grip on the financial markets these days. They're too big, too fast. I think that's quite scary.
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