The Financial Crisis of 2008: Unveiling the New Crash Normal
The article discusses the financial crisis of 2008, focusing on the causes and consequences. The author explores the impact of quantitative trading strategies, flawed financial models, and the normalization of market crashes. The main goal is to understand how these factors contributed to the crisis. The key findings suggest that the crisis was exacerbated by crowded trades, inaccurate models, and a new trend of frequent market downturns.