Similarities Between the Great Depression and Today. Are We Going to See Another Crash?

Crypto Entrepreneurs

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5+ y ago 54:02

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Nostranomist believes that we are headed for another economic crash similar to the Great Depression. In this episode we discuss the similarities between the 10 years leading up to the Great Depression and today. We discuss the similarities between the agricultural crash during the early 1920s and the housing crisis in 2008 and the ten years that followed. Low interest rates and advancements in technology in both eras led to the stock market pumping to all time highs. When the bubble finally burst in 1929, it led to the Great Depression. Today, we are seeing signs of a weakening economy and have already started to see a selloff of assets. If this continues and the Fed is unable to do anything about it, we will see a crash similar to then. We also discuss what you can do to prepare for the crash, how to keep a level head during a crash, and how you can capitalize when its all said and done.

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This content is being provided to you for informational purposes only. Nothing discussed in this video is intended to be investment advice. This content, and any information contained therein, does not constitute a recommendation to buy, sell or hold any security, financial product or instrument referenced in the content.

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