| Lessons learned from the global financial crisis |
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The past 60 years has not seen anything like the freezing up of lending between global banks, the distruption to credit flows or the need for so many financial institutions in the US and Europe to be rescued as we have seen in 2008. The current crisis is not the worst in Asia (1997/1998) or Austrsalia (the early 1990s was). But for the world as a whole it is the worst financial crisis in the post wwar period. So how did it come to this? What will it mean going forwrad? what are the lessons for investors?
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