Predicted.. US greedy housing crisis caused it world wide.
Another bigger crash is predicted too.
And guess what is identical to the housing market derivatives drama ?
The entire Crypto scene.. virtually identical !
Do you really think the crypto scene is heading for an implosion?...It's almost like the dot com bubble isn't it? But, on the otherhand, the dot com bubble made quite a few people very rich! In my mind, Crypto mania is more similar to the Tulip Bubble of 1637 than the housing market derivative debacle. (
https://en.wikipedia.org/wiki/Tulip_mania ) The economic problems facing countries like Venezuela and Russia might actually create a boon in the crypto markets however.
It is exactly like the what i said compare them..
Bundled mortgage packages traded for profits.
AKA: hollow worthless investments.
They are worthless because mortgages were given to people who could never pay them.
A boon ? You are high..
Greenspan was warned over & over for years and he said the stock markets would police itself and not let it collapse so he kept refusing to put in the advised regulations.
IT DID COLLAPSE and he was dead wrong !
And his way late response was quantitative easing and bail-out packages with FED chairman Bernanke..
Which they were warned would cause massive inflation.. it did.. a lot of stuff where i live have doubled in price.
We are raped GLOBALLY by mass inflation.. as predicted.
It's cute you all have opinions but you should get the correct one.. mine.
I said Regulations ? Hollow investments ? Money supply ?
Sound familiar Shitcoin enthusiasts ?
Hate to take a shit on your precocious optimism boys but..
The people who predicted it all 100% accurate that Greenspan etc admitted were right..
also said we are in for a bigger crash at some point.. obviously EXACTLY like Crypto (crash in 2014 then yrs later even worse)
WHY ?
Because the old recession was not fixed.. the quantitative easing stunt they pulled and bail outs did not FIX the glaring problem.
And by all means try and argue with me.. your wasting your time though.
I posted facts and opinion commonly held by the world financial geniuses.
Pretty simple boys, fuck shit up.. then suffer the consequences.