2007

The #2008 crisis known as the "Mortgage Crisis" is actually the #BankingCrisis .

Let's pay attention to the credit spreads of #2007 , but first I will briefly explain what they are:

A credit spread is the difference in yield between bonds or other debt instruments with different credit risks. Typically, the yield on corporate bonds is compared to the yield on government bonds with the same maturity.

The #CreditSpread shows the risk of debt default: the higher the spread, the greater the risk investors see in the company's or other bond issuer's ability to meet its obligations.

Negative impact on the economy: A significant increase in credit spreads can signal general economic problems, such as a recession. This can make it difficult for companies and government agencies to raise financing, which in turn can slow down economic growth.

In the screenshots, you can see how credit spreads were rising rapidly in the run-up to the 2008 crisis, which clearly signaled the impending problems in the market.