Lemmy.World

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The World's Internet Frontpage Lemmy.World is a general-purpose Lemmy instance of various topics, for the entire world to use.

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Lemmy.World is part of the FediHosting Foundation

founded 1 year ago

ADMINS

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How Did Warren Buffett Know Stocks Would Crash?!? w/ Prof. Richard Wolff [19:26 | AUG 06 2024 | TJDS] (youtu.be)

submitted 3 months ago by jimmydoreisalefty to c/rdw

0 comments fedilink

cross-posted from: https://lemmy.world/post/18411047

On Monday the Dow Jones Industrial Average and NASDAQ both nosedived, recording substantial losses totaling trillions of dollars. Other economic indicators remain poor as well, and despite what alleged efforts the Fed may take, the signs of a coming recession are impossible to ignore. One individual who anticipated the crash was billionaire investor Warren Buffett, who unloaded a substantial amount of his Apple stock holdings just before the crash.

Jimmy talks to Economics Professor Richard Wolff about how investors like Buffett help drive crashes, and why crashes like this are typical for a capitalist system and should be expected to happen every 4-7 years.

-7

How Did Warren Buffett Know Stocks Would Crash?!? w/ Prof. Richard Wolff [19:26 | AUG 06 2024 | TJDS] (youtu.be)

submitted 3 months ago by jimmydoreisalefty to c/jimmydore

0 comments fedilink

On Monday the Dow Jones Industrial Average and NASDAQ both nosedived, recording substantial losses totaling trillions of dollars. Other economic indicators remain poor as well, and despite what alleged efforts the Fed may take, the signs of a coming recession are impossible to ignore. One individual who anticipated the crash was billionaire investor Warren Buffett, who unloaded a substantial amount of his Apple stock holdings just before the crash.

Jimmy talks to Economics Professor Richard Wolff about how investors like Buffett help drive crashes, and why crashes like this are typical for a capitalist system and should be expected to happen every 4-7 years.