In 2008, the housing bubble was largely created by the Fed keeping interest rates too low too long. The bubble was burst when the Fed raised interest rates too high. Housing collapsed along with many financial institutions.
This Financial Crisis will be different.
After the Great Recession, you and i brought our balance sheet back to a good state. We paid down our mortgages or were foreclosed out of them The net result is that households today are in great shape.
But corporations and the government are both at all time levels of debt. This is where the rubber will skid all over the road.
Corporations are now heavily indebted and earnings are slackening off.
The Corona virus might be the trigger that causes corporations to start to buckle
So corporations will lead the collapse this time. They will lay people off which will lead to the Financial Crisis spreading to individuals.
Tax revenues will crate which will cause state and local governments to crumble particularly the high tax and high debt states like Illinois, New Jersey and New York.
The federal government will plunge to $2 trillion budget deficits. We are already at $1 trillion with a strong economy!
No problem! The Federal Reserve Bank will buy all their debt.
So the Financial Crisis will be different this time.
You need to protect yourself and find a way to profit from the Financial Crisis that is coming.
I can help you by signing you up for our amazing How To Profit From a Bear Market video course click here.
Want to watch me trade and profit from the Financial Crisis. Call or text John at 702-633-9266.
Finally, be sure to download the free Financial Crisis 2.0 Special Report I put out last year by clicking here.