Property
Financial crisis coming? We haven’t learned from the last one yet!
By Property Soul  •  September 18, 2018

Ten years have passed since the collapse of Lehman Brothers. Did the world learn anything from the 2008 financial crisis? Are we heading for the next economic disaster?

Rush in quick. Get out fast

Speaking to CNBC’s “Crisis on Wall Street: The Week That Shook the World” documentary, Warren Buffet commented that another financial crisis is inevitable because of human nature, jealously and greed.

“People start being interested in something because it’s going up, not because they understand it or anything else. But the guy next door, who they know is dumber than they are, is getting rich and they aren’t. And their spouse is saying can’t you figure it out, too? It is so contagious. So that’s a permanent part of the system.”

Because of greed and fear of missing out, Singapore bitcoin buyers crashed two bitcoin ATM machines last December. Two days before they purchased the cryptocurrency, Bitcoin prices

...
Read the full article
By Property Soul
I have developed a strong passion for properties since young. In my 20s, I was relocated to Singapore where I bought my first condominium unit at the end of 2002. I added four more to my property portfolio in 4 ½ years’ time. I never expected their total value could be doubled in just a few years.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance