Second wave of Financial Crisis started right now!
Posted by admin in Finance Sunday, 30 May 2010 21:47 25 Comments
www.berninger.de The second wave of the financial crisis has started right non. After subprime another wave of real-estate collapse in the commercial real estate will rock the markets
Wow, I am looking back one month & things have changed a lot. You certainly called it, or it was an amazing coincidence. Enjoy your coffee, fellow chemist.
@fox20012
Poor is falling in Australia ?
jberni1, you seem to like coffee, you are probably drinking several liter a day, how many coffee breaks do you recommend a day.
Great prediction 2 weeks later. Should have bought metals when you made this vid. It is not too late yet.
@blueprophet9
*Don’t get me wrong Dr. Berninger, I agree with your insight.
@blepat
I cannot believe you didn’t use “GET TO THE CHOPPER!!!” …dude…
For a little comedy in these dire times, I wish Berninger would do his own punch-lines at the end of his uploads ala Da Governator. C’mon, Berninger!
@jfcrow1 If you were aware of how the stock market works and wealth management, you would know that the wealthy will not fall. It’s entertaining to the rich to see the poor get poorer, it means that the poor “need” more from them in the way of toothbrushes, soaps ect ect. They have the capital investment to continue to sell the poor what they need/want.
ok and how will do you fix the deficit?, rising interest rates by 300% without crash the economic?…..the V shape is just an ilusion.
@carp1844 He stated the second wave has started. What you probably seen was the 1st wave.
this market has way more upside – Dow 13000 by year end EASY ! .. stocks are still cheap as we are in a new bull market – this V-shaped recovery is just getting started
What do you think about purchasing residential real estate? Specifically purchasing it outright. Will the commercial bubble affect the residential? Also I think it is a funny coincidence that the first time homebuyers tax credit lasted right up until this commercial bubble.
how do you think money can be made off this crisis?
@jberni1 poor is already falling, over here in Australia after rent tax bills and food i probably save 100$ a week, and thats on a 53k wage
@jberni1 No, I think I will look to see if your are including sources and a detailed analysis to back up your next video and if not I will call you on that and continuing videos until you back up your words and serious predicitons with a detailed analysis backed up by sources.
anytime uses the word sources it is bullshit
@katchum however if you live in Europe I would avoid Singapore dollars. People do not know it there
@jfcrow1 Don’t fall for the have and have not class war distraction.
have a nice day
@aw3212 I’m in Southern California. It is area specific. Communities with better schools/surrounding areas are seeing sales pick up while the more slovenly housing communities are still sitting stagnant. However, I did manage to drive down to Malibu yesterday and was amazed to see the number of homes on PCH with ‘for sale’ signs. I guess there’s a price that people are willing to pay and right now, the $2 million+ asking price is a little too high.
@jfcrow1
I agree with jberni1 here, the rich will only get richer from this LOL. It’s the poor and middle class that suffer, you must be a young guy for not having realized this yet. Also I don’t wish anything bad to happen to anyone, we should wish each other success, but in a corrupt system it’s hard to not have spite for the rich.
Nothing started right now.
@jberni1 ; This is the big misconception of not just Americans, but of people of the world. They think America is going to fall into ruins, start a massive take over, a revolution and turn things around… I believe you are correct. The rich will not fall. They will stand strong while everyone else remains further divided and poor and getting poorer.
@shakelightly Where in CA are you talking about? No offense, but wow that is way off what I am hearing/reading – maybe it is area specific, but there are still alot of empty homes, and jobless people. Where are the buyers coming from?
@demensha23 How’s 3.5 billion in 12 weeks for Goldman – they’re not hurting by any stretch
@justjacqueline2004 if you dont have vaseline Criso will do hehehe, got to be resouceful in this coming depression
we want more…please explain!