Thinking the Unthinkable: What If It's Not That Bad?

Summary


LONDON (Reuters) - Maybe, just maybe, the financial world is not about to implode.

Such is the level of disaster mongering surrounding the latest phase of the eight-month-old credit crisis that you could be forgiven for thinking we will all soon be hoarding food and reverting to a barter economy.

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Thinking the Unthinkable: What If It's Not That Bad?

At the very least, some market pricing and financial commentary has invoked a systemic collapse akin to 1929's stock market crash and the Great Depression that followed.

Let's put that in context. U.S. historians estimate that in the first 10 m...

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