2008 Financial Crisis

U.S. credit card loan defaults have skyrocketed to levels unseen since the 2008 financial crisis. Credit card lenders wrote off a staggering $46 billion in seriously delinquent loan balances in the first nine months of 2024 What Happened: This figure, which represents a 50% increase from the same...

JPMorgan CEO Jamie Dimon has expressed his concerns about the U.S. economy, warning of a potential recession and the market’s underestimation of the risks. What Happened: Dimon, speaking at the JPMorgan High Yield and Leveraged Finance Conference in Miami on Monday, cautioned that the U.S....

The stock market could experience a significant downturn of up to 30% if a recession occurs, according to a market veteran. What Happened: Paul Dietrich, the chief investment strategist at B. Riley Wealth Management, has cautioned that the current stock market is being driven by investor emotion...

David Rosenberg, a prominent economist, has raised concerns about the current state of the stock market, warning that it mirrors the conditions that preceded the crashes of 2000 and 2008. What Happened: Rosenberg, who heads Rosenberg Research, has drawn parallels between the present market and the...

The commercial real estate market is hanging on the edge of a precipice, thanks to higher interest rates and an uncertain economic environment. “Rich Dad, Poor Dad” author Robert Kiyosaki is the latest expert to issue a stark warning about it. What Happened: Kiyosaki, a proponent of...

With First Republic Bank becoming the latest lender to collapse, reigniting concerns about the health of the banking sector, the S&P 500 Financials index stands on the verge of falling back below its 2007 peak. What Happened: This is noteworthy because following the 2008 credit crash, it took...

“The Big Short” fame investor Michael Burry said during his time at the University of California, Los Angeles he was a “nobody” with “no good friends.” What Happened: Burry’s post on Twitter was aimed at those who are “lonely in college.”...

A senior analyst with Bloomberg Intelligence, Alison Williams, said the “key issue” with Credit Suisse Group AG (NYSE: CS) is structural profitability and dismissed parallels drawn with the 2008 financial crisis which saw the collapse of Lehman Brothers....

The 2007–08 financial crisis shocked global markets and sent stock prices plunging. Friday's Brexit vote also resulted in a mass selloff in equity prices worldwide. According to CNN Money, its proprietary Fear & Greed Index entered "Fear mode" on Friday and showed signs of "extreme greed...