In 2008 the leading news was mortgage write-down, with the prospect of $200/bbl crude somewhere in the background. In 2023, the leading news is raging inflation

In 2008 the leading news was mortgage write-down, with the prospect of $200/bbl crude somewhere in the background. In 2023, the leading news is raging inflation (with crude trading for zero just 3 years ago) and people vaguely aware of a lockup in the real estate markets. History doesn't repeat, but it sure does rhyme.