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  • MAP Asia Pacific Ltd

2008 vs 2023: On course for a crash or a controlled bubble bursting?

Highlights The 2008 crisis was caused by a combination of solvency, liquidity and over leverage issues 2023 so far has been marked by duration and liquidity risks, with leverage or solvency not being an issue Is March 2023 the start of another GFC? Regulators and governments have managed to just about stave off a wider contagion for now. However, the systemic fragility is very much in evidence Have we crossed the “Lehman” moment in 2023? My first thoughts were that this is not so....


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