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Bloomberg/Simon Kennedy/5-17-2020
“The professors, whose 2009 book showed that financial crises often follow similar patterns, spoke to us about what’s happening in 2020. … It turns out this time really is different.”
USAGOLD note: Rather than trying to summarize how Reinhart and Rogoff see things this time around, we suggest a visit to the link wherein they lay out their pandemic-related thinking in some detail. “We are unlikely,” says Reinhart, “to return to a pre-pandemic world.”