Patrick Artus from Natixis analyzes the differences between the 2008 crisis and the current crisis. Key quotes “The subprime crisis in 2008-2009 was a demand-side crisis, and the answer was rapid demand stimulation, which was more successful in the United States than in the euro zone given the ECB’s slow reaction.” “The coronavirus crisis in 2020 is a crisis of falling supply; the answer is to prevent the increase in company bankruptcies from leading to a banking crisis, and for this to happen monetary policy must enable a massive fiscal deficit, which has been done rapidly.” “The problem in the United States is the bond financing of companies, whereas in the eurozone there is financing by bank loans, which is easier to maintain.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY drops to fresh 12-day lows below 107.50 FX Street 2 years Patrick Artus from Natixis analyzes the differences between the 2008 crisis and the current crisis. Key quotes “The subprime crisis in 2008-2009 was a demand-side crisis, and the answer was rapid demand stimulation, which was more successful in the United States than in the euro zone given the ECB’s slow reaction.” “The coronavirus crisis in 2020 is a crisis of falling supply; the answer is to prevent the increase in company bankruptcies from leading to a banking crisis, and for this to happen monetary policy must enable a massive fiscal deficit, which has been done rapidly.” “The problem in the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
