The 2008 Financial Crisis has not left us, still gradually damages our economies

The 2008 Financial Crisis is more than a crisis, it is like cancer that gradually damages our world economy. To stimulate the economies, many countries have set their interest rates at historically low levels. During the "so-called" post-crisis period, we had a good period of recovery that the US economy has achieved the lowest unemployed rate since 2008 and the UK and German economies both seem to recover well from the crisis. However, there are many economies who have not recovered from the crisis. Countries like Greece still have very high debt levels and heavily depend on the financial supports from foreign aids. Brazil and many South American countries have economic difficulties which long exist. Moreover, even in the economies like the US and the UK, there are potential risks that could cause another crisis. The low interest rates set up by the central banks since the 2008 Crisis have largely increased companies' debt levels, as it is cheaper to borrow. In addition, because financing has become cheaper to companies, the share prices rise sharply. Therefore, it is not difficult to imagine if these companies face financial difficulties, bond markets and stock markets will drop sharply. Overall, it is not easy to see that the sequela of the 2008 Financial Crisis still exists and the room for further both fiscal and monetary stimulus is very limited.