Many may not realize it, but we came very close to an economic crisis even more severe than that of 2008 or even COVID.

Major financial institutions and several states had to inject billions of dollars urgently to avoid a systemic collapse. This was clearly reflected in the graphs: extreme volatility, sharp movements, and widespread market nervousness.

Without these interventions, the consequences would have been dramatic for the global economy, employment, and the savings of millions of people. In short, we narrowly avoided the worst.

Nb: I have the information from several sources and platforms..