Next crash will be ‘worse than the Great Depression’: experts
There are some warnings come out from the financial community that all might not be as rosy as advertised.
The main problem: global debt levels which shot up since the recession in 2008.
Today, global debt is more than 2 1/2 times global GDP. Most levels, in the United States, are at or exceed where they were a decade ago. Student loana about doubled; the national debt added $10 billion; credit cards exceed where they were.
No matter where you look, there is a blanket of paper.
To read the full article, click on image.
Student loans outstanding have skyrocketed from $611 billion in 2008 to around $1.5 trillion today.
Why do we have to go into debt to go to college to get a job that will not pay off our college debt and allow us to live without the pressure of debt.
You don't have to get a college degree? This is an option you know.
You don't have to get
A college degree? This is
An option you know.
- granunic0rn
I'm a bot. I detect haiku.
Buying and hodling Bitcoin, yup that's me!
Re-steemed
-exp
Same here!
And that is a very wise thing to do :D
If the stock market were to dip in proportion to say how STEEM just did from the top to the bottom, that would be worse than the Great Depression alright! This might be time for the stock market to teach their people about the word hodl!
I think the NASDAQ will correct about 50%, could be more.
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True !