It's Not the 2008 Global Recession All Over Again
Risks are far lower than during the last U.S. financial crisis, despite COVID-19's impact.
The 2008 global recession left deep psychological scars on investors, many of whom have spent the last decade searching for signs that the next crisis is coming.
It’s been well documented that a severe financial crisis tends to cause the worst economic outcomes over the short to medium term and encourage worse results over the longer term. This is why it’s so important to gauge the probability of another financial crisis, because if it occurred, it would very likely influence the future economy for the worse.