"The Fed’s monetary policy of extraordinarily low interest rates helped create the asset bubbles in stock and commodity prices that are now bursting. In retrospect, the Fed’s rate hike last month will likely be viewed as monetary malpractice. None of this is likely to forestall turmoil in credit markets. Investors are wise to be worried... This year is likely to be one of financial crises in industries and countries around the world."
Gerald O'Driscoll, former vice president at The Dallas Fed, posteed op-ed at The Wall Street Journal,
So how does the current sell-off compare to previous market crashes? Here's a look!
