, Columnist
The Next Financial Crisis Is Staring Us in the Face
All it takes to see it is a long look in the mirror.
It’s your fault. No. It’s yours.
Photograph: Bloomberg
This article is for subscribers only.
The financial crisis ripped through Wall Street 10 years ago, pushing the global economy to the edge of the abyss. One might think those searing experiences would have created a learning opportunity — for managing risk better, understanding structural imbalances in the financial markets, even learning a bit about how our own cognitive processes malfunction.
Instead, we have little new wisdom or self-awareness to show for that traumatic event.