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2006 was peak "Great Moderation," where there hadn't been any serious financial crises since the 80s. The consensus wisdom was that many of the policies of the
by baryphonic 2y ago
2006 was peak "Great Moderation," where there hadn't been any serious financial crises since the 80s. The consensus wisdom was that many of the policies of the 80s & 90s, particularly around inflation and reducing uncertainty, had made financial crises almost obsolete.
It seems dark today given that we know the outcome, but I'm sure at the time, Comic Sans seemed appropriate for a set of tools that they thought likely would never be used. Or maybe it indicates a certain hubris undone within about 18 months.
- banku_brougham 2y agoStares in Long Term Capital Management
- grantsucceeded 2y agoprobably anyone this far in the thread remenbers long term capital managment, I did, but couldnt remenber if it was in the 80's or 90's. (1998) https://www.investopedia.com/terms/l/longtermcapital.asp https://www.investopedia.com/terms/l/longtermcapital.asp
- asdff 2y agoWasn't 2006 just off the heels of the dot com bubble?