Musk has announced about “big news” in the next hour

One of the world’s oldest preserved human settlements has been left in ruins after being ravaged by severe flooding in Pakistan. This is the worst natural disaster to ever hit the country, and officials are scrambling to provide aid to the millions of people affected. The ancient city of Mohenjo daro, located in the Indus…

The US Dollar experienced a rollercoaster week in the foreign exchange (FOREX) market, showing resilience before facing a dip on Friday following the release of crucial US economic figures. This article delves into the latest developments that impacted the USD’s performance and explore the possible implications for traders and investors. Additionally, we’ll discuss the outlook…

The crypto markets have taken a beating over the past few days, with Bitcoin (BTC) leading the charge downward. BTC slid to 6-week lows on Sunday, losing over $60 billion in market value. The sell-off appears to have been driven by a combination of factors, including BTC’s struggle to break above the $10,000 level and…

Last week, the Bank of England revealed that negative interest rates are now under consideration, which immediately caused a sell-off of GBP. Although the interest rates were kept unchanged at 0.10%, it was the headline that said the MPC had been briefed on the BoE’s plans to explore how a negative bank rate could be…

In what appears to be retaliation for an alleged act of help the CEO of MetaQuotes has given Russian oligarchs in moving funds out of Russia, the MetaTrader MT4 and MT5 platform has been removed from the Apple iOS store. Android users can still access the platform via mobile. To the shock of traders, Apple…

A global financial recession has hit. The first financial crisis was started in 2007-2008. It began with market disruptions, and markets suddenly crashed then. In September 2008, Lehman Brothers was a major US financial firm bankrupt.
A global financial recession has hit. The first financial crisis was started in 2007-2008. It began with market disruptions, and markets suddenly crashed then. In September 2008, Lehman Brothers was a major US financial firm bankrupt.
What caused the 2008 financial crisis?

The 2008 Global Financial Crisis marked one of the worst economic crises of our lifetimes, sending stock markets reeling, financial institutions collapsing, and consumers scrambling.

The 2008 global financial crisis had multiple underlying causes that contributed to its onset. One significant factor was the housing market bubble in the US, caused by lax lending standards, risky loan practices and securitized mortgages. Financial institutions packaged mortgage loans into complex financial products known as mortgage-backed securities (MBSs) and collateralized debt obligations (CDOs), which were then sold off to investors worldwide.

However, as the quality of these mortgages declined and borrowers started defaulting on loans, their value decreased rapidly, leading to substantial losses for banks and other financial institutions.

Leverage was widespread among financial institutions, making them even more susceptible to market fluctuations and increasing their vulnerability. Global financial interdependence further compounded this crisis as toxic assets spread throughout it. It caused failures and panic to ensue quickly.

Inadequate regulation and oversight of the financial industry and its lack of transparency and risk evaluation contributed significantly to this crisis. It serves as a stark reminder of the dangers posed by unsustainable lending practices and excessive risk-taking and the necessity of robust regulatory frameworks in maintaining system stability.

Are we ignoring warning signs? An analysis of global economic indicators.

US stocks like US 30, US 100, etc., were up in 2008.Technically, now again, they are on the same static and will fall at any time.Experts believe that the recession could last until the end of 2024.Too many currencies, like NZD, JPY, AUD and USD, are destabilised.

JPYUSD
we observe the JPYUSD chart declining steadily without signs of recovery and no indications for a pullback, it could easily reach the ATL (Time Low), which is currently 0.006576. If it does this, recovery won’t come easy, and further losses might follow.

DJI US30

If we take a look at DJI, which is one of the strongest indexes of America, ranging in the same price for a while
25-05-2023 on fundamental release, DJI temporarily recovers 1.59%.

United States residents witnessed several major banks close within four months, sending shockwaves through the financial system and raising concerns for other institutions’ stability. While future bank collapses cannot be predicted with precision, it’s essential to recognize that the financial sector can be vulnerable due to economic downturns, excessive risk-taking, inadequate regulation, or unexpected events.

XAUUSD

Gold has recently experienced a remarkable uptrend and reached its all-time high (ATH). This remarkable rise can be attributed to several key factors. First and foremost, the financial crisis that began in 2008 created an atmosphere of economic insecurity and risk aversion among investors. At such times, gold is an effective store of value.
Gold’s price tends to increase during financial instability because investors consider it a safe haven asset. When problems such as economic downturns, political unrest, or market fluctuations arise, investors often turn to gold as an asset that provides protection from inflation or instability – an attractive choice given gold’s long history as an inflation hedge and store of value. With increased demand driven by increased investing activity into gold reserves resulting in price spikes, an observed pattern reinforces gold as an ideal option in times of financial crises.