Finance system forgets mistakes of the past
Learnings that become ingrained are usually best if they are born of hard lessons from past experience. Observing the recent evolution of Irish investors’ behaviour and that of their financiers, my sense is that lessons have been learned. But are they well-ingrained?
Certainly, those most scarred by excessive debt must have learned a lesson about the risks of leverage, given the way the deep recession here from 2008 to 2014 scarred a huge swathe...
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