Lmao Warren Buffet apparently sold 30% of his portfolio, possibly around 190 BILLION liquidated from US Banks stocks and expects the worst recession since 1929.
Also an interesting statistic - the largest economic recession of each century in the last 1000 years was always in the 20s.
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In the last 1000 years the greatest recession of each century happend in the 20s.
Know how in 2008 the housing was so unaffordable to a regular person? Oh yeah and ofcourse the mortgage crisis - too much debt? Hmm
Know how in 2000 all the investors were in euphoria about internet and its possibilities?
Know how in 1929 everyone thought the new invention of production lines and would take everyone's job?
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