Originally Posted by
Denti
We have seen that during the financial crisis, companies did cut back on international business bookings a lot and it took quite a few years for it to come back, and that was, after all, a pretty small crisis.
When Lehman Brothers went bankrupt and most of the whole world financial system would have followed into the abyss but for the intervention of central banks and government? I know memory has the ability to be somewhat blunted with time but that was as far from “a pretty small crisis” as you can get.
(I agree though that it has the potential to be small in comparison to this but not in its own terms)