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0:00 Stocks, Housing, and Bank Bailouts: Who Pays the Price?
0:42 MBS Market
3:52 Stock Market
5:18 What is Systematic Risk Exemption?
11:42 Why don’t mortgage companies use Bitcoin more?
13:01 MBS & Treasury Prices
14:37 Today’s Mortgage Rates
15:40 Connect with us!
Dan Frio
NMLS 246527
Bank NMLS 203463
📧 Dan@Therateupdate.com
☎️ 1-844-775-5626
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LEARN MORE ABOUT: Bank Failures
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In the wake of the 2008 financial crisis, the global financial system teetered on the brink of collapse. Governments around the world were forced to intervene in order to bail out banks and stabilize the economy. As a result of these interventions, stocks, housing, and bank bailouts became hot button issues; with many people wondering who would ultimately pay the price for the economic turmoil.
One of the most visible financial indicators during this period was the stock market. The crisis saw stock prices tumble in many sectors, including banking, real estate, and technology. The volatility of stock prices highlighted the tenuous nature of the global financial system and contributed to widespread investor anxiety.
Housing was another sector that was severely impacted by the crisis. In the years leading up to the collapse, there was a boom in the housing market. However, once it became clear that many of the mortgages that had been issued were high-risk, the housing market collapsed. This led to widespread foreclosures, evictions, and plummeting home values. Homeowners that had taken out mortgages with adjustable interest rates found themselves unable to keep up with payments once rates increased.
In order to stabilize the economy, governments around the world intervened by bailing out banks and other financial institutions. This involved injecting massive amounts of capital into the system in an attempt to restore confidence in the banks and prevent further collapse. While the intervention helped to avoid further economic decline, it did come at a cost. Taxpayers had to foot the bill for the bank bailouts, which totaled in the billions.
Ultimately, it was ordinary people who paid the price for the financial crisis. Homeowners lost their homes, while investors saw their portfolios decline in value. Taxpayers bore the brunt of the cost for the bank bailouts, which prevented the economy from spiraling into a depression but also added to the national debt.
In conclusion, the financial crisis of 2008 had far-reaching consequences that were felt by individuals and governments around the world. The impact on sectors such as stocks, housing, and bank bailouts highlighted the interconnectedness of the global economy and the risks inherent in our financial system. While the crisis has passed, its legacy lingers on, reminding us of the importance of responsible lending practices, risk management, and government interventions in times of economic hardship.
A lot of people thought this economy would be good forever. Oh how we as citizens forget. Let the crash begin.
When they say spending less do they calculate that based on number of items sold or is it based on how much was spent overall on all items together? Because if each item is costing more because of inflation wouldn't that impact the spending number? Example bought 5 apples last year for 10cent this year I buy 5 again but they cost is 1$. My spending would be 90cent more although I bought the exact same amount.
IMHO it'd be prudent to start tracking Bitcoin along with gold in these rundowns. Great Content!!
We already paid the price with higher prices for many things, unfortunately.
Great video Dan! You explained it all so well.
Bond market is pricing in cuts the the later half of the year, not good news at all. If rates continue to drop we could see a point were lending becomes very strict. A tight credit market is not a good market. Getting loans or a mortgage will be harder for the average joe. Be careful what you wish for. The largest increase in a year of the FFR is starting to hurt big time. Hypothetically, we could see the fed pause after next week and hold for several months while everything is on fire. Buckle up.