5 Minutes Ago: Jim Rickards Shared Terrifying News... Shocking!!!

Jim Rickards recounts various financial downturns, including the 1998 financial crisis, the .com bubble burst, the 2008 economic meltdown, the COVID-19 pandemic's impact in 2020, and the swift market downturn in 2018, which he dubs the "Christmas Eve Massacre." In each of these instances, markets rebounded, largely due to Federal Reserve interventions. Rickards underscores that market players may mistakenly believe that markets always recover, given the historical bailouts from the Federal Reserve. However, he draws a parallel to the 1929 stock market crash, which saw a staggering 80% drop over three years and took 25 years to return to its pre-crash levels, emphasizing that such long-lasting bear markets have occurred in history.

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