PREMIUM

  • LUIS TORRAS

  • MIGUEL ORS VILLAREJO

Updated on Sunday, 9 August 2020 - 01:53

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Human beings are hopelessly procyclical. When all is going well, we are cheerful and confident and tend to ignore bad omens. No one listened to Nouriel Roubini when he warned of the formation of the mother of all property bubbles. "Where does this spoiler come from?", The IMF members said, exchanging elbows and smiles. The bankruptcy of Lehman Brothers in September 2008 took us out of our reverie and we began to drag ourselves disconsolate. Nothing i know

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