The recent market downturn, briefly hitting bear territory with a 20% drop, falls short compared to the severe 51% decline experienced during the 2008 financial crisis. That crisis nearly toppled the U.S. banking system, with global repercussions. Currently, the threat stems from tariffs and rising inflation, raising concerns that essential goods might face shortages, potentially leading to a new economic crisis. Essential sectors like healthcare could face unprecedented challenges if tariffs escalate, resulting in hyper-inflation and collapsing prices of critical items.
The market briefly entered bear territory last week, down 20%, but history shows recent downturns pale in comparison to the 51% plunge in 2008.
Current economic risks stem from tariffs and inflation, which could lead to significant shortages of essential goods and create a new type of financial crisis.
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