Financial Crash 2008 #michaelburry #financialcrash

The financial crisis of 2008 was a major economic downturn that affected the global economy. The crisis was triggered by the collapse of the housing market in the United States, which had been fueled by the subprime mortgage market.

As home prices began to decline, many homeowners found themselves with mortgages that were worth more than the value of their homes. This led to a wave of defaults and foreclosures, which caused the value of mortgage-backed securities to plummet.

The crisis quickly spread to other areas of the economy, as banks and financial institutions that had invested heavily in these securities began to suffer huge losses. This, in turn, led to a liquidity crisis, as banks became reluctant to lend to each other or to businesses and consumers.

The crisis led to a global recession, with millions of people losing their jobs and businesses going bankrupt. Governments around the world were forced to intervene to prevent a complete collapse of the financial system, and many implemented a range of measures, such as bailouts and stimulus packages, to try and mitigate the impact of the crisis.

While I can't provide an Instagram feed, I hope this information provides some context for what happened during the financial crisis of 2008.