Thought PiecesJune 28 2021

The Last Decade: its impacts and some thoughts on the present decade

1 min read

Written by Turim

The year 2021 marks the beginning of a new decade, the third of the 21st century. Member firm, Turim’s latest newsletter reviews the main events that had an impact on global financial markets over the past 10 years. Providing some context for the possibilities that lie ahead in the coming decade. The phrase “history doesn’t repeat itself, but it often rhymes,” attributed to the American writer Mark Twain, fits the bill here. Predicting the future is a difficult task, and the events that have the greatest impact in markets are unpredictable by their very nature. But a retrospective analysis can help us calibrate the set of possibilities and better prepare ourselves for what lies ahead.

The 2011-2020 decade was forged in the aftermath of the Global Financial Crisis (GFC) of 2008. This was triggered by the bursting of the American housing bubble and its widespread impact on the global banking system. This was a credit crunch on a grand scale and its aftershocks were felt throughout this period, particularly in the first half.

In this update, member firm, Turim reviews the key events that marked this period and reflects on the upcoming years. They have no intention of mentioning every event of the past decade, but rather highlighting those they feel had the biggest impact on the “psyche” of investors and economic policymakers. Those which have had a lasting consequence on the prices of financial assets.

To review the complete update click here