Are we facing another 2008-style financial crisis?

Are we facing another 2008? The Governor of the Bank of England, Andrew Bailey, just warned that "alarm bells" are ringing in the global private credit market. Bailey told lawmakers that the collapse of firms like US car parts maker First Brands and car credit provider Primalend could be 'the canary in the coalmine' for a wider debt crisis. Why the alarm? He’s seeing 'slicing and dicing' of loan structures—practices which were common before the 2008 financial crisis - and worries of parallels with the months leading up to the 2008 great financial crash. Read more at the link in the bio 🔗 #finance #news #bankofengland #economics #uknews