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

In his Guardian column, Larry Elliott argues that the warning signs of another financial crisis are already visible, and that preparation should begin now rather than after the event. The piece does not claim a crisis is certain or imminent; its central point is that waiting for a definitive trigger leaves policymakers and investors with fewer options once stress spreads. That framing matters because it shifts the debate from prediction to resilience.

For markets, the relevance is less about any single signal than about how risk is priced. When investors assume stability will persist, volatility can be underpriced and leverage can build quietly. Elliott's argument implies that the more useful question is not whether a crisis will occur, but whether institutions, households and market participants are positioned to absorb shocks if it does.

What to watch: whether regulators tighten oversight of concentrated risks, how credit conditions evolve, and whether policy buffers are rebuilt while conditions are calm. The article is a call to prepare, not a forecast with a date attached.