12/21/17 - Bankers Should Resolve to Be More Paranoid in 2018
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12/21/17 - Bankers Should Resolve to Be More Paranoid in 2018

Promontory Chief Executive Officer Gene Ludwig published an op-ed in American Banker about the next recession and how it could resemble the 2008 financial crisis, rather than an ordinary downturn.

“Like most down cycles, the next one will be hard to call,” Ludwig said. “And the depth, severity and triggering event isn’t yet clear. But the fact that the current recovery has lasted this long suggests that a downturn is not so far off. Increasing technological speed, global interconnectivity and froth emerging in the markets suggest greater volatility ahead and thus a potentially more severe down-event.”

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