Adam Davidson writes about the crash of 2008, arguing that, the gravest moment for the U.S. economy wasn’t the loud crash of Lehman Brothers but a more obscure event: the near-freeze of the commercial-paper market.
The Day the Economy (Almost) Died
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Adam Davidson writes about the crash of 2008, arguing that, the gravest moment for the U.S. economy wasn’t the loud crash of Lehman Brothers but a more obscure event: the near-freeze of the commercial-paper market.
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