What's the Biggest Economic Story in the Last 10 Years?

John Gauter: Change in the credit cycle is the biggest economic story in the last 10 years. The movement of interest rates from zero or one was largely a function of the 2008 banking strike, property stroke and credit crash. Central banks said they were right in doing this - but what did they not do? They didn't intervene quick enough to print money into the system,. drop interest rates to zero, and try in some way to calm people down. You've got a system you need to protect.