Editorial Board
The Financial Crisis of 2025? Better to Be Ready
Preposterous as it may seem that America would willfully precipitate a meltdown, it’s a possibility that regulators everywhere must prepare for.
What next?
Photographer: Saul Loeb/AFP/Getty ImagesIf there’s one thing investors have learned in recent days, it’s that there’s no way to guess what America will do next. With its on-again, off-again tariffs, the US administration has demonstrated a rare and reckless willingness to shock markets.
Amid such radical uncertainty, a financial crisis isn’t out of the question. Policymakers need to be prepared for the worst.