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Commentary: Financial markets are going into overdrive like it’s 2008 again Toggle share menu Advertisement Commentary: Financial markets are going into overdrive like it’s 2008 again An overshoot dynamic overproducing and overconsuming needs correction, yet central banks are loathe to take action that risks undermining the post-pandemic economic recovery, says Mohamed A El-Erian. In this photo provided by the New York Stock Exchange, traders work on the floor, Monday, April 26, 2021. (Photo: AP/Courtney Crow) 23 Jun 2021 06:10AM) ...

من غير الحكمة أن يأمل صناع السياسات في الأفضل وحسب ــ إنه على وجه التحديد ذلك النوع من الحلول المالية المفاجئة التي تأت على نحو أشبه بالمعجزة حيث يعوض التعافي الاقتصادي القوي والسريع عن الزيادة الهائلة في الديون، والروافع المالية، وتقييم الأصول. ينبغي لهم أن يتحركوا الآن لتخفيف المخاطر المفرطة...

More than a decade after the GFC, the finance threat returns Central banks’ long-evolving codependent relationship with the financial sector is creating a dangerous situation that has echoes of 2008. Save Share After the 2008 global financial crisis, governments and central banks in advanced economies vowed that they would never again let the banking system hold policy hostage, let alone threaten economic and social well-being. Thirteen years later, they have only partly fulfilled this pledge. Another part of finance now risks spoiling what could be – in fact, must be – a durab...

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She joins Slate from the New York Times.