Wash, rinse, recession: history repeats itself as 2008 flashbacks intensify
There are rising fears that pressure in markets is echoing the late-noughties crisis
Signs of financial stress that are “starting to rhyme” with the 2008 crash are piling up amid coronavirus-related panic among investors, experts have warned.
Concerns about money market funds, dollar shortages and stress in bond exchange traded funds are rising amid fears that pressure in these markets is echoing the 2008 crisis.
“The financial system is showing many of the same warning signs and vulnerabilities that emerged during the 2008 crisis,” said Greg Gelzinis, a senior policy analyst at the Centre for American Progress...