/biz/ - Business & Finance

https://alhambrapartners.com/2020/04/21/the-greenspan-bell/

>Beginning in November, however, a surge in optimism. At -63 on October 14, 2008, just as the stock rout was ending, in four months it was nearly back at zero again. And it didn’t matter that there’d end up being another wave of global liquidations leading to another wave of bank nationalizations across the Continent. Those Germans were increasingly optimistic about Europe as well as Germany.

>All because a “somehow” Global Financial Crisis finally sprung the monetary wizards from their slumber.

>It stood in stark contrast to the ZEW’s other surveyed component, the current situation. While the panel respondents were growing happy about how hyper-active central banks were sure to guide the economy into a fruitful future in very short order, the economic reality on the ground was very different.