A person walks past 888 7th Ave in New York City, a building that reportedly houses Archegos Capital. The global economy can ill afford a financial meltdown just as it is struggling to recover from the coronavirus pandemic. Photo: Reuters A person walks past 888 7th Ave in New York City, a building that reportedly houses Archegos Capital. The global economy can ill afford a financial meltdown just as it is struggling to recover from the coronavirus pandemic. Photo: Reuters
A person walks past 888 7th Ave in New York City, a building that reportedly houses Archegos Capital. The global economy can ill afford a financial meltdown just as it is struggling to recover from the coronavirus pandemic. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Archegos chaos raises the spectre of the 2008 financial crisis

  • The 2008 crash brought home the need for regulators to monitor and deter extreme financial engineering. Is the Archegos hedge fund blow-up a one-off event, or a warning of worse to come because the world has not learned the lesson?

A person walks past 888 7th Ave in New York City, a building that reportedly houses Archegos Capital. The global economy can ill afford a financial meltdown just as it is struggling to recover from the coronavirus pandemic. Photo: Reuters A person walks past 888 7th Ave in New York City, a building that reportedly houses Archegos Capital. The global economy can ill afford a financial meltdown just as it is struggling to recover from the coronavirus pandemic. Photo: Reuters
A person walks past 888 7th Ave in New York City, a building that reportedly houses Archegos Capital. The global economy can ill afford a financial meltdown just as it is struggling to recover from the coronavirus pandemic. Photo: Reuters
READ FULL ARTICLE
David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.