Are we ready to handle the next financial crisis?

Ten years after the failure of Lehman Brothers nearly caused the international financial system to collapse, the US stock market is now in the midst of a record bull run.

After the global recession passed, the subsequent period was characterised by slow, unspectacular growth, but at least a great depression was avoided. Panic in 2008 and 2009 largely gave way to frustration at the slow pace of recovery giving rise to frequent doubts about its sustainability, and yet the US economy is now in its 10th year of expansion.

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