And in 2008 years of debt fuelled speculation from borrowers that just needed that 5th investment properties and the bankers that were more than willing to accommodate this to sell some more mortgage bonds, came to a grinding halt when people realised that everything propping up this speculation was based on absolute garbage.
As of making this video we have just lived through the fastest 30% market decline in US history outpacing all of the examples I just listed above, and it is easy to think this is different.
But it is not…
marketcrash #economics #recession
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