It would be a stretch to expect an early return to normal

June 30th, 2009|by Michael Ashley Schulman, Perspectives, The Big Picture|

It would be a stretch to expect an early return to normal – at least not to what we used to call normal. The destruction of balance sheet wealth and the damage to both the financial infrastructure and to confidence in the financial system will have lasting effects. Normality as we used to know it, […]