The amount of leverage/debt/risk today dwarfs anything imagined in 2008. Six years of 0% interest rates combined with Central Bank monetizations on the order of tens of trillions make any comparisons wholly specious. And making attempts to normalize interest rates wholly impossible.
ZH: March 11th Thailand: 23rd global interest rate cut year to date
The Fed is attempting to raise interest rates while the rest of the world is cutting interest rates. The massively shorted dollar reserve currency is breaking shit all over the place.
ZH: March 8th: Dollar shortage most acute since Lehman
ZH: March 8th: Dollar shortage most acute since Lehman
This
One year interest rate expectations
Led to THIS:
Decade-high dollar rally:
Global Commodity Collapse versus Dollar: