Surprise of the Year: The Retreat of Risk - December 16, 2009

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DATE : Wed, 16 December 2009 17:00:00 EST
Entered in Database : 2009-12-16 22:58:03
length : 5681797
Link to the Show / Show Notes

It seemed that as 2009 began, everywhere you looked there was risk. Output was plummeting. World financial markets were in disarray. Confidence was shattered. References to the Great Depression became fashionable. Markets were jolted into sobriety with the stark realization that risk appetite had for a long time been out of step with reality. Earnest recalibration of risk was underway.

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