Market watching in the 21st century features real-time analysis to a degree that was the stuff of dreams even 10 years ago. The problem is that economic crises aren’t likely to be resolved any faster today than they were 50 or 100 years ago.
Any one sitting in their bedroom can get institutional-quality quotes on securities these days. Meanwhile, an array of software-based financial analytical models with extraordinary power and depth can be deployed at affordable prices. But while we’re all working on 21st century terms, the economic mess we’re in is still likely to unwind at a 20th century pace. It’s worth noting too that the factors that got us into this pickle were also familiar staples in the economic crises of yore.