vimothy
yurp
the 2008 crisis represented a problem which originated in the financial sector which impacted the real economy (credit contraction leading to a disappearance of demand). the crisis today represents a situation in which problems in the real economy might impact the financial sector (energy price shock leading to high inflation, leading to interest rate hikes, leading to all manor of potential problems), the opposite of 2008. in 2008 the solution was to flood the financial sector with central bank liquidity. in 2022 no such solutions to fundamental problems are apparent. what to do?
Last edited: