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Videos are not personalized financial advice….(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
The banking crisis and global recession of 2008 came as a shock to the world, with many countries feeling the strain of the financial downturn. The causes of the recession were complex and multifaceted, with a combination of factors contributing to the meltdown of the global economy.
At the heart of the crisis was the banking industry, which had become heavily involved in high-risk investments and speculative trading. Banks had engaged in reckless lending practices, issuing mortgages to people who were unable to repay them and engaging in securities trading that was based on overly-optimistic market projections.
The result was a bubble that eventually burst, leading to a global economic recession that impacted virtually every industry and sector of the economy. Unemployment rates skyrocketed, housing values plummeted, and businesses struggled to stay afloat.
The recession had an especially devastating impact on the financial sector, which saw many high-profile banks and financial institutions go bankrupt. Lehman Brothers, once one of the largest investment banks in the world, was one of the most notable casualties of the crisis.
In the wake of this economic downturn, governments around the world were forced to enact measures to stabilize their economies and mitigate the damage caused by the recession. Many countries implemented bailout packages and stimulus programs designed to jumpstart economic growth and create jobs.
Despite these efforts, the global economy continued to struggle in the years following the 2008 recession. It was a slow and uneven recovery, with many countries experiencing persistent high unemployment rates, sluggish economic growth, and rising levels of income inequality.
Looking back on the banking crisis and global recession of 2008, it’s clear that the causes were numerous and complex. Some blame the deregulation of the financial industry, while others point to the failure of regulators and policymakers to intervene in a timely manner.
Whatever the causes, the 2008 recession serves as a stark reminder of the potential consequences of unchecked economic growth and heedless pursuit of profit. It’s a lesson that we must take to heart as we work to build a more stable and equitable global economy for the future.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
A true invested stays in the market long term and does not panic. I never panic in 2008, and bought the best deal in Real Estate- a house at 5.5% at $50,000 that now is valued at $185 K
UBS – UTERUSE BELOW SUSTAINABILITY
Recently, I've been thinking of investing in dividend stocks for retirement, and I've set aside $350,000 to do so. However, I'm getting cold feet, maybe because I'm a beginner with no understanding what I'm doing; please advise.
Well the recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence.
I wish I had more time for trial and error, but I'll be 56 in October and I need ideas and advice on what investments to make to set myself up for retirement, especially with the looming inflation and recession; my goal is to have a portfolio of at least $500k at the age of 60.
Year-over-year inflation stood at 6.5% in December 2022—the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
We need to invest in precious metals while we can I have videos detailing this on my channel
Hi. Are you getting sued?
Kevin what’s your thoughts on BRICS
The more banks that fail, the more fed balance sheet increase and potential huge rally
A powerful coincidence is preparing in the US. Expansion, bank breakdown, serious dry season in the horticultural belt, downturn, real estate market decline, bank emergency, food deficiencies, diesel fuel and warming oil deficiencies, child recipe deficiencies, accessible car deficiencies and costs, the cost of residing place. It's all approaching together and it could prompt a genuine calamity towards the finish of this current year (or sooner). With expansion at present at around 6%, my essential concern is the way to expand my reserve funds/retirement asset of about $300k which has been exposed target since perpetually with zero to no increases.
Being able to provide all my needs without the help of the Government is really a dream come through and I’m getting $50,000 returns from my 10k investment
Hey look! It's the trash man! Worst influencer ever
Should I buy bank stocks right now?
You stole peoples money!!!!
We're done here!
Head of the bank basically admitted it's toxic Meme Stock short holdings that drown them….hilarious! Time to pay the retail investors!!
There is so many videos showing people throwing money, doing stupid things. The system is flood of money and people dont have respect or apppreciation for what it takes to make this money beacause of the bad policy of the fed. This made the world super speculative, and now we are stuck in this stupidity.
Can you please block me! I never want to c your face again. You must be Jim Cramer’s son
anyway
Wasn’t CS in trouble a few years ago? A bank scandal I recall.
Credit Suisse is a private bank that many rich people deposit money into it. Yet, it expose many private accounts. Therefore, rich people should pull money out.
It’s not necessarily transitory, because even though they give the bank a loan that has to be paid back, the Fed does not shrink their balance sheet after the loan is paid back, they keep it on the balance sheet and lend it out to another person. It’s a permanent expansion.
Coupon, common, stop selling to us. Kevin, I really like your content but stop selling to people.. cheers!
So the chairman of Credit Suiss is called Lehmann? What a funny coincidence
Clown now you're in the shitter and have to go thru TSA like the little people. Maybe your girlfriend Ark witch will give you a ride
I like your fixer upper house analogy but I think the land that the house sits on is so toxic that it makes the whole place unliveable no matter how much you try to dress the place up.
If it was me, and keeping with the analogy, the more the real-estate agent and bank piled on guarantees and freebies on the house the more I would back away.
And lets be honest here, no one really cares about CS or UBS, everyone is protecting their own interest before that can grab it and run.
Mr Clickbait
@MeetKevin LOL Ze bank ees to flippenze one hundred eighty on ze Frankz
That ain't swiss either :p ^_^
Sooner or later this clown show aka stock market will end, FED is powerless.
2 more weeks