We're About To Have Another Great Depression...

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It’s no secret that the markets are in a strange position today. We’ve just seen the entire world go through the first recession of its kind, one dictated by government restrictions, and lockdowns rather than unemployment and consumer sentiment. For the first time in history, it wasn’t a case of I can’t find somewhere to work, but the government won’t let me work. And as this was a completely unique crash or recession, there was also a unique government response, one that has led to a whole myriad of other problems. Government spending, stimulus checks and asset purchases have driven us right back into a bull run, one larger than we’ve ever seen before.
New asset classes have emerged that are now worth trillions of dollars, when just a couple of years ago, they didn’t even exist. Our economies have never before been so reliant on financial derivatives and debt, and a worrying trend has been identified. That is, the relationship between a recession, a crash, a depression even, and the explosive growth of financial markets and asset prices. The truth is, a second Great Depression is knocking on our door right as we speak, and confidence in those who are supposed to fend it off, our central banks and our elected officials, have never inspired such little confidence as they do today. That’s what we’re going to look at, the state of the economy today, the similarities between it and the roaring twenties and great depression of the 1930s, and just what might be the straw that breaks the camel's back.

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Видео We're About To Have Another Great Depression... канала Stoic Finance