Another 2008? War, AI and oil markets flash warning signs

The warning signs are flashing again. War, artificial intelligence (AI) disruption and unstable markets all point to a possible new financial crisis, says economist Larry Elliott. He argues that the lessons of the 2008 crash could help us prepare. In 2008, bad loans and weak regulation brought the global banking system to the edge of collapse. Today, the risks look different but no less serious. Oil prices are unstable because of conflict. AI is changing industries fast, threatening jobs and profits. And markets remain fragile. Elliott says the world should not wait for the storm to hit. Studying what went wrong in 2008 — and acting early — may be the best defense.