In 2008-2009, the primary stress in financial markets was credit risk (defaults on subprime mortgages and complex structured securities), but in the current period, the stress is liquidity risk and interest rate risk, not credit risk.
factualpending
Speaker
Unidentified Speaker — The Fed’s Ticking Time Bomb Is About To Explode | Joseph Wa… [yKqqbjyVEP0]Evidence Quote
“in 2008 the real stress was credit risk... this time it's all about liquidity risk and interest rate risk”
Source
The Fed’s Ticking Time Bomb Is About To Explode | Joseph Wang & Chris Whalen— Forward GuidanceCreated: 8/11/2026, 1:23:06 AM
My Notes
Loading notes...