The first warning sign was the failure of Silicon Valley Bank. Although this bank is not systemic, it is of great importance for the technology and startup sector and can generate contagion effects. Such contagion effects have been seen at Credit Suisse Bank, which is systemic. Thus, the potential failure of Credit Suisse could be the beginning of a new Lehman Brothers, which was the catalyst for the 2008 crisis.
Is the next global recession comming?
