0 I think it is a pretty dreadful phrase and an example of poor writing. The correct phrase to use here is 'Even without a crisis'. Some idiot decided that they wanted to 'fancy up the language' and substituted absent for without and ended up making a mess.
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10I saw this sentence today in a AP news story: "11font10Even absent a crisis12font10, I believe that XM will inevitably serve its shareholders poorly without major changes now."12br
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10'Even absent a crisis' appears to mean 'Even if