Stock market crash: what to remember from the 2008 crisis

Not now. Not already. Aren't these crises - 1929, 2008 - supposed to be centuries old? Only twelve years after the chaos of the subprime crisis, the world's stock markets are once again going through a crash. Deep. Violent. However, the situation today has nothing to do with that of 2008. It is not a financial crisis. The concerns that may appear regarding the solidity of the financial sector - bond financing of the most risky assets ( high yield ), credits to American shale oil operators, liquidity risk in funds which would have sought yield at all costs - are not not sufficient to explain the capitulation.

The stock market is not crazy. But she is unable to set a price on the shares of companies whose profit prospects she can no longer suddenly foresee. “It is neither a financial crisis nor a banking crisis. And it's a shame, because these crises, we know how to manage them, ” explains a

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