Global financial crisis fears grow as bond yields hit 1998 levels and Bitcoin drops below $80,000

Is a global 2008-style economic crash nigh? And do current conditions resemble the early stages of a broader global financial crisis driven by debt costs, inflation pressure, and constrained policy responses? Those questions have become harder to dismiss because the pressure points are stacking in the wrong order: high sovereign yields, high public debt, an energy shock, sticky inflation, and stretched asset valuatio…