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On October 19, 2026, Huxiu published an article by "Kafka Is Not Busy" titled "After 2008, Why Has the United States Had No Systemic Financial Crisis Again?" The article argues that the United States has not experienced another systemic financial crisis since 2008 because it has relied on sustaining asset bubbles and debt expansion: in 2019, the Federal Reserve shifted to cutting interest rates and lifted the cap on pension funds' market entry to prop up U.S. stocks, and the scale of U.S. Treasury debt has exceeded $40 trillion. The article also states that the Russia-Ukraine war and turmoil in the Middle East have left capital from Europe and the Middle East with few places to go, causing it to remain in the United States, while AI has become a new narrative for attracting global funds. At present, this judgment appears only in this one article, with no subsequent developments or official response.
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Oct 19
Huxiu
Why has the US had no systemic financial crisis since 2008?
Since 2008, the United States has not experienced another systemic financial crisis, relying instead on sustaining asset bubbles and debt expansion: in 2019 the Federal Reserve shifted to cutting interest rates and lifted the cap on pension funds entering the stock market to prop up US equities, while US debt has exceeded $40 trillion. The Russia-Ukraine war and Middle East turmoil have left European and Middle Eastern capital with few places to go, so it has remained in the United States, and AI has become a new narrative for attracting global funds.