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How Coronavirus Almost Brought Down The Global Financial System — Adam Tooze

Summary:
The crisis has brought the economy to a near halt, and left millions of people out of work. But thanks to intervention on an unprecedented scale, a full-scale meltdown has been averted – for now....  So far, it's pretty much the same as it was in the previous financial crisis — finance was saved, others ?The potential for civilizational collapse is all too real. This pandemic has so far served as a wake-up call. Will it be heard?The Guardian (UK}How Coronavirus Almost Brought Down The Global Financial System Adam Tooze

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The crisis has brought the economy to a near halt, and left millions of people out of work. But thanks to intervention on an unprecedented scale, a full-scale meltdown has been averted – for now....
 So far, it's pretty much the same as it was in the previous financial crisis — finance was saved, others ?

The potential for civilizational collapse is all too real. This pandemic has so far served as a wake-up call. Will it be heard?

The Guardian (UK}
How Coronavirus Almost Brought Down The Global Financial System

Adam Tooze
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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