I have been saying this for a while now, but I do feel that we have just entered a new chapter in the economic history books.
Us humans like to put things into groups and categories, we like things that can neatly fit onto a graph or chart.
Well… if the 2008 to 2021 period was one chapter, I think the start of 2023 firmly marks a new one (2022 was the transition year, the page turn if you will between one chapter and another).
In order to understand how these two economic phases might differ, let’s look at some of the key characteristics of the 2008 – 2021 era:
The world suffered from one of the worst financial crises in living memory – you would have to go back to the Great Depression in the mid 30’s to find anything similar in terms of size, scale or impact.
