• One Way the Next Crisis Will Look a Lot Like 2008

    2 monthes ago - By Fortune

    TEN YEARS AFTER the weekend that upended the financial world, its most important lessons lie not in what has changed, vast and profound though that is, but in what hasn't changed. The main causes of the last crisis-human self-delusion and irrationality-will be the main causes of the next one. If that seems unbearably depressing, cheer up: It tells us what to watch out for.
    Lehman Brothers' bankruptcy announcement in the predawn darkness of Sept. 15, 2008, wasn't the first or worst event of the financial crisis, but it was the most frightening because it was unthinkable, given the...
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  • Gold Will Shine During The Next Financial Crisis

    Gold Will Shine During The Next Financial Crisis

    2 monthes ago - By ETF Daily News

    From Streetwise Reports : Rudi Fronk and Jim Anthony, founders of Seabridge Gold, discuss what they believe will happen to gold if there is another financial crisis.
    The global financial crisis of 2008 was essentially caused by excessive leverage, a loss of confidence in real estate credit and a resulting sudden collapse of liquidity in the financial system. The central bank response was to lower interest rates and flood markets with liquidity. Since then, debt loads have increased more than 30% and the percentage of higher risk credit has also grown sharply. Many analysts believe that...
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