Will This be the Next Great Depression?

In 1929, years of wild debt fuelled speculation over company stocks came to a halt with the worste economic disaster in history. In 2001, years of wild debt fuelled speculation over technology companies that were apparently going to revolutionise the future came to a halt when most were shown to be worthless.
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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