How to Create Your Recession Toolkit Online and Grow Your Wealth

View a recession toolkit like a life jacket you need when the storm hits
Your recession toolkit should be as natural as fastening your seat belt before driving your car. But most people ignore it and follow the stream by not doing anything until it's too late.
Do you remember Lehmans Brothers in 2008? This prestigious and reputable financial institution, established in 1850, suddenly went bankrupt.
It all began with the housing market bubble, created by an overwhelming load of mortgage-backed securities bundling high-risk loans. The bankruptcy of Lehmans Brothers was the final happening to go all-in to what has been called "The Great Recession."
As Washington Post says, we handle the pandemic fairly well based on lessons from the financial crisis. The creation and production of vaccines happened in historical record time, and the global vaccination campaigns were rolled out with good results.
The history repeats
On the economic and financial side, inflation started to rise. The Russian invasion and war in Ukraine, and the package of sanctions from the western world, created other problems. Altogether, the financial system was moved from its "normal" status.
With uncontrolled inflation, central banks worldwide started an interest rate race not seen before in modern times. Turbulence everywhere in the financial system became evident.
Like a blizzard from a blue sky:
Silicone Valley Bank collapses!
Like a fish stream, where all fishes are heading in the same direction, other banks follow the same pattern. So, Credit Suisse had to be absorbed by its competitive bank UBS, forced by the Suisse Government.
What have we learned from 2008? Well, not much...Continue Reading!>>
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