A retrospective on the crisis and thoughts on where we are headed

Daily Commentary
Summary: Today, I am not going to write about a specific topic but rather put together some random thoughts on the direction of the global economy. Next week, I will have some big things to say about the Fed and it's upcoming meeting. So I thought this would be a good time to reflect on the big macro picture going forward and in retrospect.
Five years ago, the depths of the credit crisis began with the failure of Lehman Brothers. There have been a lot of retrospectives on this event since then, including a good one I ran across on Keith Kennessey's website. As I sit back and reflect on what occurred five years ago, what the mood and conditions are today, and what everyone is saying in retrospect, my overall sense is that the acute crisis has passed. And that's both posit...


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