All the signs say another financial crisis is coming. Here’s why we need to prepare for it now | Larry Elliott - The Guardian

In a Guardian column, economic commentator Larry Elliott argues that multiple indicators point to the risk of another financial crisis, and that preparation should begin before stresses intensify rather than after. The piece is a warning about vulnerabilities in the financial system, not a prediction of a specific date or trigger.

For markets, the relevance lies in how such warnings shape expectations. When credible voices flag crisis risk, investors tend to reassess how much compensation they demand for holding riskier assets, and attention shifts toward leverage, liquidity and credit conditions. The argument also implies a policy dimension: the scope to respond to a future downturn depends on the buffers built beforehand.

What to watch is whether the concerns Elliott raises are echoed in hard data and official commentary — credit growth, funding conditions, and regulators' assessments of systemic risk. The column is best read as a prompt to monitor those signals, not as a forecast on which to act.