Lee Sanders says the fast and adaptive market response to the crisis of 2020 has shown how much the financial system has improved upon the credit market liquidity issues that were at the heart of the 2008 global financial crisis (GFC).
The GFC was in many ways a wakeup call for - among other things - how well the industry was equipped to handle potential liquidity crises. How well markets listened to that call was put to the test...
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