Discover and read the best of Twitter Threads about #globalfinancialcrisis
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I remember when I finished NYSC @Shell_Nigeria in the late 80s and was working at Newswatch, then Nigeria's leading newsmagazine. I was planning to japa abroad for a master's and then on to an international career. A close friend offered me the possibility to become the company
secretary of a new bank in Lagos. That would have taken me on the path to become a Lagos big boy. I declined and stuck to my plans to go abroad and return home much later. "You are very idealistic my friend" he said sarcastically. "Sit down and let's make money together in Lagos"
Robert Dohner, Senior Non-resident Fellow of The Atlantic Council, shared with us his observations on the recent market swing, #Fed's #MMLF and the US #stimuluspackage of $2 trillion dollars. mp.weixin.qq.com/s/C4HE1iudRsR0…
"This is a far-reaching crisis, and we are entering a global recession as deep as that during the 2008-2009 #GlobalFinancialCrisis, although with luck and good policy it may not last nearly so long. " Dohner said.
According to him, financial markets are also global, not simply in the fact that asset prices have fallen generally across countries, but also because liquidity strains in one market tend to draw funds from other markets.
1/ A decade after the #globalfinancialcrisis, what’s changed? And what hasn’t? We recently surveyed the state of the global financial system: mck.co/2C5vm4B Take a quick tour with us in this #thread.
2/ After the #GreatRecession, many expected a wave of deleveraging. But it never came. The combined global debt of governments, nonfinancial corporations, and households is up by $72 trillion since the end of 2007. mck.co/2C6IExS
3/ Consistent with history, a debt crisis that began in the private sector shifted to governments in the aftermath. From 2008 to mid-2017, global govt debt more than doubled. 
