Are we heading for another 2008? Behind Trump’s £6.4tn stock market collapse

The stock market crises are like the unfortunate families that Leon Tolstoi describes in Ana Karenina, “each one is unhappy in its own way.” Little do they have to see the subprime mortgages, which triggered the bloody 2008 correction, with the shooting crash caused by covid and the massive closures of 2020. Even less with “the first self-inflicted stock market crisis of history,” as a fund manager describes with a sleaze the severe falls that s…

Are we heading for another 2008? Behind Trump’s £6.4tn stock market collapse

Historical downturns in stock markets have been followed by recoveries - but timeframes can be uncertain

World stock markets continue to plunge, oil falls and many analysts evoke the crash of 1987 and the crisis of 2008.

Financial markets are having “flashbacks” to 2008 crisis

The two-day selloff last week was the fourth most significant in the post-war period.

Orlando Samões, a specialist in International Relations, affirms that, since the application of the new tariffs imposed by Donald Trump, the financial markets have registered, in total, “a drop similar to the 2008 crash” and even “higher than on September 11th”. The expert believes that, in this context, “Europe will certainly make deals with the Asian market”.

'Really beginning to feel like 2008': Why a market meltdown may lead Trump to put tariffs on ice #CDNNews #Canada #Economy #CanadaEconomy

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