The world isn’t ready for the next financial crisis

Good article by Axios: https://www.axios.com/a-decade-later-the-world-is-not-ready-for-another-financial-crisis-1534965597-9e45a582-2d60-404a-aed5-e24447131e08.html “If a new crisis is brewing, it's in emerging markets, says Adam Tooze, a Columbia university professor and author of Crashed, a history of the 2008 financial crisis. Emerging economy stock markets are already down about 10% this year in aggregate.” “A big danger is movements in the yuan, he said. "One of the nightmares is that China would allow its currency to move dramatically and bring down all of the emerging markets," he said.” There was a Wells fargo guy here on blind who had similar sentiments about emerging markets.

The world isn't ready for the next financial crisis

Axios