Almost 10 years ago to the day, Wayne Swan still remembers the look of fear on the faces of Wall Street bankers and investors as they digested the meltdown of the global financial system.
The then-treasurer stood on the floor of the New York Stock Exchange as the Dow Jones Industrial Average plunged towards its biggest daily percentage loss – 7.3 per cent – since the 1987 stock market crash.
Loading...
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
