Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness.

- James Buchan

This quote highlights the extraordinary nature of the 2008 financial crisis, where a sudden and widespread shift in commercial sentiment led to a state of panic and helplessness among governments and businesses.

The quote emphasizes the unprecedented and far-reaching impact of the 2008 financial crisis, which was marked by a sudden and drastic change in the way people thought about and interacted with money.

The quote is set against the backdrop of the 2008 financial crisis, a global economic downturn that was triggered by a housing market bubble bursting and led to widespread job losses, home foreclosures, and a significant decline in economic activity.

James Buchan is a British author and historian, best known for his work on the history of international finance and the global economy.

The quote can be seen as a warning about the dangers of unchecked market forces and the importance of prudent financial planning and regulation.

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