How To Fix This ‘Vicious’ Market Cycle

Lawrence McDonald is currently managing director, head of U.S. strategy, Macro Group at Societe Generale, based in New York City. At the height of the 2008 financial crisis, McDonald wrote a book on the fall of Lehman Brothers, “A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers.” In the book, McDonald details his experience working as vice president at Lehman Brothers in New York and provided a behind-the-scenes look on why one of the most prominent investment banks failed. McDonald is a popular speaker and appears regularly on CNBC and Bloomberg TV, among other media appearances. He talked with ETF.com about what he calls the “vicious circle” that continues through global markets today and how it can be stopped.

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