It’s definitely different this time…
The 2008 analog lines the current trajectory up with August 2008 right after Treasury Secretary Paulson told the world reassuringly that:
“Our economy has got very strong long-term fundamentals. And you know, your policy-makers and regulators here – we’re very vigilant.”
And we all know what happened next…
h/t @ChrisBrady12
Could never happen again?
Yeah you’re probably right…
Charts: Bloomberg
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