Jill on Money with Jill Schlesinger cover image

Shutdown: How Covid Shook the World's Economy Part One

Jill on Money with Jill Schlesinger

00:00

The Covid Crisis Was a Gray Rhino

The idea with a black swan is that it's something that's really unusual. And then basically, ou know, it's not part of what we expect. That was the idea about two thousand and eight. Banks were not supposed to suffer the kind of crisis they did. So it's a kind of by way of an excuse, really. This wasn't part of the set of options that people seriously considered.

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