Just a few days before Lehman Brothers collapsed, credit rating agencies did not see any problems. Bank insiders, the Fed and other officials also said that there was nothing to worry about. The recession came unexpectedly and everybody was surprised that it came from the problems of one bank. Obviously that was just the trigger because problems were much deeper. Now, the situation looks similar in many respects. Central banks are printing money and doing everything to stimulate the economy. They do that for a few years but we constantly have to cut world GDP forecasts, showing us that recovery is not going as planned. Can the problems with Deutsche Bank be the next Lehman moment? Can we even compare those two? Are we on the edge right now?
Are we on the edge right now?
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