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About the fall of American banks or far before the crisis

Let me remind you of the development of events during the crisis of 2007-2008. First call:

In August 2007 (!) Bear Stearns found itself at the center of a mortgage lending crisis. At that time, it was the fifth largest investment bank in the United States. As a result, two hedge funds under his management lost almost all of their clients’ money ($1.6 billion) on investments in mortgage bonds, which caused a panic in the stock market.

However, in October 2007 (!) the S&P500 index set a new all-time high. And from that moment began its fall.

And the most dramatic moment of the crisis was in September 2008 (!):

An important event in the aggravation of the crisis was the bankruptcy of Lehman Brothers on September 15, 2008 (!). Quotations on the stock markets declined sharply during 2008 and early 2009.

Conclusion. From the current events with banks to serious shocks are still far away.

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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