Will This be the Next Great Depression?

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In 1929, years of wild debt-fuelled speculation over company stocks came to a halt with the worst economic disaster in history. In 2001, years of wild debt-fuelled speculation over technology companies that were apparently going to revolutionize 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 realized 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 listed above. And it's easy to think "this time is different".

But it is not...

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📚 Want to learn more about The Great Depression? We recommend reading "The Great Depression: A History From Beginning to End", by Hourly History
👉 https://amzn.to/2XHxkB0 (as an Amazon Associate, we earn from qualifying purchases)

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Видео Will This be the Next Great Depression? канала Economics Explained