Unfortunately it is much worse now than in 2008. More debt, more asset bubbles, more fragility in the financial system. There are ways to hedge and protect yourself financially but few people bother to do then. I often ask people when percentage chance do they feel there could be any kind of financial crisis in the foreseeable future and no one has ever said "0 % chance", yet I would say less that 1 % of people have done anything to protect themselves against this scenario....