The Bailout of 2008 Rewarded Reckless Behavior.
In this report I cover the early market action from London on Wednesday, May 23rd, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market and crypto currencies. I note that stocks continue to trade lower this morning after a 0.75% drop by the Dow yesterday.
I also go over an article on zerohedge where John Whitehead of the Rutherford Institute has a graduation message for young people leaving university or college and going into world. The main message I get from is article is his advice to young people to swim against the mainstream tide and also not to trust and always question those in position of authority.
From the Whitehead article I look into the financial crisis of 2008 and how the consequent bailout of the system and the banks actually rewarded reckless behavior and has probably set the system up for an even bigger crisis. I argue that if the system had collapsed and the culprits had not been propped up our economy would most probably be doing a great deal better now as the burden of the debt incurred to bailout the system is now so huge.
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that's a awesome review on market and crisis situation,,
the financial crisis of 2008 suffers a lot,,If there had proper guide,this was not happened..Thanks for sharing @maneco64
that's a great article on daily market update,,0.75% drop!!!!!
Economy fail when the opponent party close the hand to help,,Otherwise if there have not proper rule,people will violent and decreases economy profit,,Thanks a lot for sharing,,@maneco64
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@upvoted
great post @maneco64.
From the Whitehead article I look into the financial crisis of 2008 and how the consequent bailout of the system and the banks actually rewarded reckless behavior and has probably set the system up for an even bigger crisis.That's awesome