There will be many anniversaries this year most of which will probably go unnoticed. In the world of economics and finance, however, there is one that should be remembered and reflected upon.
This year will be ten years since the collapse of Lehman Brothers and perhaps the start of one of the longest and deepest periods of recession the global economy has ever witnessed.
The measures taken to counter that recession have had long reaching implications. Quantative easing, together with keeping interest rates low has seen economies stagger out of recession like zombies, groggy from a long period of hibernation rather than the rapid rebirth of old or like a snake shedding its skin.
