2007-2009 financial crisis quantification: debt service 68% GDP at peak, GDP -4%, stocks -50%, homes -24%. Compare to 1929-33 (GDP -26%, stocks -84%): 2008 was much milder because policy response was faster and more aggressive.
2007-2009 financial crisis quantification: debt service 68% GDP at peak, GDP -4%, stocks -50%, homes -24%. Compare to 1929-33 (GDP -26%, stocks -84%): 2008 was much milder because policy response was faster and more aggressive.