๐ Bill Dudley: Want to know where crypto is headed? Remember 2008
The repercussions wonโt be as dire as those of the financial crisis. But a comparison offers insights into what comes next.
The repercussions wonโt be as dire as those of the financial crisis. But a comparison offers insights into what comes next.
The MSCI EM Index has tumbled 31% this year so far, underperforming its developed-nation counterpart which is down 18%, as the strong dollar, stubborn inflation and slowing growth lessen the appeal of developing-nation equities.
With the US, and therefore the world, barrelling toward what looks like a recession it is only natural to be feeling anxious.
According to the Wall Street Journal, the Wirecard scandal is starting to look like one of the worst financial disasters in Europe since the 2008 financial crisis.
Warren Buffett reckons recent developments that have seen global markets rocked by panic about coronavirus and an oil price war are bad – but not as bad as events that sparked the 2008 financial crash.
The 2008 financial crisis, sparked by excessive debt and lax credit checks, hammered global markets and decimated jobs. A decade on, the world looks like it has recovered but be warned: it is not safer.
This year, during the five hours that Warren Buffett and Charlie Munger answered questions at the Berkshire Hathaway AGM, I listened closely and sent out a string of 140 character messages via Twitter (@alechogg). A couple days after the meeting were spent catching up my notes. Only now, a fortnight later, is much of the … Read more