Knowledge@wharton

It began as the ”subprime crisis” in 2007 and then mushroomed into a full-blown global recession in 2008. And still despite mammoth government intervention the bad news keeps getting worse. Are we now teetering on a precipice ready to plunge into another Great Depression? Can the latest proposals pull the economy out of its nosedive? There is plenty to worry about. But while many experts say this crisis is the worst since the Depression that doesn’t mean it will be as bad. See acast.com/privacy for privacy and opt-out information.