Reasons the banking crisis isn’t a repeat of 2008
The fact that they publish this in the first place, is worrying, to say the least.<p>It&#x27;s also quite true - the banking crisis won&#x27;t be a repeat of 2008.<p>But, unlike 2008 which was fairly limited to (arguably huge) banking and residential mortgage sectors, this crisis will hit hard everywhere - valuations are still insane, the % of zombie companies is off the charts, inflation is everywhere, FED and governments have much less room to manoeuvre (contrary to what the article claims).<p>In the past 3 weeks, 3 fairly big US banks were seized by regulators, and a 166 year old Suisse bank was rescued.<p>My personal indicator for when the shit is really hitting the fan, is when Warren Buffett starts buying stuff.