Why a Wall Street Insider Warns Markets Feel ‘Ominously’ Like They Did in 2008

Key Takeaways Financial conditions, including rising oil prices and mounting pressure in private credit markets, are increasingly resembling the lead-up to the 2008 financial crisis, according to Bank of America strategist Michael Hartnett. Investors fear that higher oil prices could mire the U.S. economy in stagflation, forcing difficult decisions at the Federal Reserve, right as private credit stress threatens to destabilize the financial system. Investors are increasingly worried that, despite ta ...