In: Accounting
Why does your team belive the financial Crisi of 2008 took place? Do you belive it could happen again or are all of the REGULATORY safeguards in place preventing any future debacles from ocurring? Is Wall Street merely a BUBBLE pop away from our next financial disaster?
Why the financial crisis in 2008 happened, following were some of the prime reasons
Could it happen again
Such a financial crisis happens when investors feel that they can't lose their money and it will always be earning more. Nothing in the investing world is not too big to fail and as an investor should always check what's beneath.
Regulatory safeguards are in place - the statement is true. But as humans, we find solutions to the future problems with solutions of the past. Recently, we were close another bubble burst with cryptocurrencies especially bitcoins. Therefore, it would not be wrong if we consider the likely hood of happening anything bad again.
Wall Street a bubble pop away
It might not be right to say that but considering the quantum of investors coming in and we are on the continuous bull upward slope since 2008. Therefore, the likely hoods of anything like that happening are continuously increasing.