It’s crucial for individuals who engage in stock exchange to recognize the right time to engage in investments during recession. This could lead to wealth creation. However, as says my good friend Maxim who owns moneyonlinethai trading review magazine, it is symbolized to catching a falling knife as there are risks in engaging in investments during a price decline.
The 2008 financial crisis was the worst economic disaster since the Great Depression of 1929 which occurred despite efforts to prevent the U.S banking system from collapsing. It led to the great recession where housing prices fell 31.8% more than during the depression. Even two years after the recession ended unemployment was still above 9%.
Unfathomable crisis hit the global economy in August 2007, September 2008, April 2009, May 2010 and August 2011. The first phase- August 2007- started after BNP Paribas hastened ownership of the banking system by making it known that it was halting hedge funds that were detrimental in the US mortgage debt. It was then very evident that the tens of trillions of dollars bankers thought was in existence was not.