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Global Markets Are Partying Like It Is 2008 (But a Crash Is Coming) After the 2008 U.S. housing and credit market crisis, Chuck Prince, the former Citibank CEO, explained his bank’s speculative activity during the bubble by noting that when the music is playing you have to dance. Today, with the world’s major central banks continuing to supply the markets with ample liquidity, there can be little doubt that the music is blaring and the markets are dancing. In late 2008, at a meeting with academics at the London School of Economics, Queen Elizabeth II asked why no one seemed to have anticipated the world’s worst financial crisis in the postwar period. The so-called Great Economic Recession, which had begun in late 2008 and would run until mid-2009, was set off by the sudden collapse of sky-high prices for housing and other assets something that is obvious in retrospect but that, nevertheless, no one seemed to see coming.

United statesJanet yellenTed altmanQueen elizabethLondon school of economicsYork universityInternational settlementsWorld bankLondon schoolGreat economic recessionSouthern europeanNew york universityChuck princeஒன்றுபட்டது மாநிலங்களில்எட் அல்ட்மன்ராணி எலிசபெத்