Wall Street's Shadow Market | 60 Minutes Archive

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  • Опубліковано 19 тра 2024
  • Steve Kroft reported on the financial instruments that fueled the 2008 economic crisis.
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КОМЕНТАРІ • 115

  • @liviuion3898
    @liviuion3898 6 днів тому +289

    Stocks all the way! Despite the heightened volatility in the stock market, I recently dived in and invested $80k in a mix of ETFs and individual stocks. My goal is to capitalize on the current S&P 500 downtrend. what could be accurate predictions moving forward? Open to chat.

    • @richarddamien4654
      @richarddamien4654 6 днів тому +10

      There are tools that allow invstors to invst in companies before they hit the stck mrkt, multiplying those potential gains that otherwise wouldn’t be available after the initial public offering. That’s what I am up to, steer clear frm the equities nd bond mrkt, my humble opinion.

    • @danielcovelli72
      @danielcovelli72 6 днів тому +9

      I'm in total agreement! I've hd the privilege of wrking with a seasoned pro for nearly 4 yrs, who hs a track record of successfully launching IPOs. We got in on the ground floor with a modest invstment, nd it skyrocketed like a rocket ship! Our profits frm GME alone exceeded $4 million in 2020/2021. Although inflation hs taken a bite out of our nest egg, we're fortunate to have Monica expertly managing our wealth, jst as she has done for the past 3-4 yrs.

    • @orkunistmak3219
      @orkunistmak3219 6 днів тому +7

      Definitely private investing is the way to go. Our government keeps lying. I’d like to earn like that is it a private equity fund or mutual funds investing?

    • @liviuion3898
      @liviuion3898 6 днів тому +7

      @daniel wow impressive, how were you able to achieve this despite the downturn?

    • @clementdan9417
      @clementdan9417 6 днів тому +6

      this is incredible! how can I reach this seasoned pro you are working with, mind sharing info, if you please?

  • @benitabussell5053
    @benitabussell5053 8 днів тому +237

    With the threat of a looming financial crisis potentially causing havoc in the stock market and leading to downturns, it's essential to brace for potential market volatility. The key concern is how to safeguard my $600K stock portfolio against decline.

    • @A_francis
      @A_francis 8 днів тому +6

      Amidst any crisis, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor

    • @RickWatson-xu6gw
      @RickWatson-xu6gw 8 днів тому +5

      The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, my portfolio has yielded nearly 300%, summing up to 7-figure as of today.

    • @benitabussell5053
      @benitabussell5053 8 днів тому +1

      Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is declining even in a bulll market.

    • @RickWatson-xu6gw
      @RickWatson-xu6gw 8 днів тому

      *Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

    • @samuelslapshak130
      @samuelslapshak130 5 днів тому

      Ben, I honestly recommend you look into storing your saving in bitcoin. Reach out to me if you’d like more explanation but I’m not here to shove it in your face. Best of luck

  • @Mr-sweeny
    @Mr-sweeny 8 днів тому +324

    With inflation at 3.70%, I'm looking to enter the market now and ride it out as the economy improves. I'm putting together a $350,000 portfolio with Stocks and ETF's. Do you have any recommendations with solid cash flow?

    • @PatrickLloyd-
      @PatrickLloyd- 8 днів тому

      Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.

    • @PhilipDunk
      @PhilipDunk 8 днів тому

      You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.

    • @Nernst96
      @Nernst96 8 днів тому

      Hello thanks for replying, I'm curious to give this a try. Please who is your advisor and how do I get in touch?

    • @PhilipDunk
      @PhilipDunk 8 днів тому

      Well, I chose Amber Dawn Brummit as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification.

    • @Nernst96
      @Nernst96 8 днів тому

      I just found her webpage and read through her educational background and qualifications, which were all very impressive. So I scheduled a call with her.

  • @derekblackthorne
    @derekblackthorne 13 днів тому +50

    *It's happening all over again, and it will never end. The game is rigged.*

    • @Alpharizzchad
      @Alpharizzchad 9 днів тому

      Not if you are locked in to a low rate. They will try. Just don't back down

    • @jonslg240
      @jonslg240 9 днів тому +1

      8:40 you can tell he's guilty as sin and doing everything he can to mislead without outright lying. He looks like a kid who told his mom he didn't eat the cookies when the mom points out he's got crumbs all over his shirt.

    • @aymanhawari2589
      @aymanhawari2589 9 днів тому

      Except this time we know. Game apes aren't leaving. Hold till Valhalla

  • @workshop1668
    @workshop1668 13 днів тому +19

    I learned a new phrase today. Archimedean Copulas.

    • @Vifnis
      @Vifnis 12 днів тому +3

      that's not a phrase that's a mathemtical equation....

  • @MattCRHughes
    @MattCRHughes 12 днів тому +7

    2:51 I laughed out loud. He’s not wrong.😂

  • @williamsu5552
    @williamsu5552 9 днів тому +2

    "you can't model human behavior with math."

  • @bdrg999
    @bdrg999 10 днів тому +4

    8:51 that greaseball can’t hide the smugness in his face. They knew exactly what they were doing, selling bad products and getting high and fat off fees, and they knew they wouldn’t be held accountable for it

    • @Alpharizzchad
      @Alpharizzchad 9 днів тому

      He never really said anything about the crime

  • @chkee17
    @chkee17 10 днів тому +2

    The influence of incentives in precipitating crises is a well-documented phenomenon. Individuals often engage in excessive actions to maximize their personal gain, which can ultimately lead to unintended negative consequences. This human tendency is a significant factor in understanding the root causes of various crises.

  • @Deitricklaverne
    @Deitricklaverne 12 днів тому +44

    Thank you and Good point.. the market has been crazy lately, a few surprises here and there.. with all the global happenings taking place I think it’s safe to say that a severe global recession is looming..

    • @Deitricklaverne
      @Deitricklaverne 12 днів тому

      With the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and adapt your tax planning strategies accordingly.

    • @camela8445
      @camela8445 12 днів тому

      That's true. Changes in tax policies, both domestically and internationally, can have significant implications for investors. It's crucial to work with financial advisors who understand these complexities and can help navigate them effectively.

    • @camela8445
      @camela8445 12 днів тому

      Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,

    • @benjamineprg4249
      @benjamineprg4249 12 днів тому

      the problem is that a lot of people don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

    • @benjamineprg4249
      @benjamineprg4249 12 днів тому

      It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.

  • @j.a.velarde5901
    @j.a.velarde5901 13 днів тому +10

    I was too young to know about this when it occurred. Why were the responsible parties not blamed and punished, please?

    • @JJ-mh3hb
      @JJ-mh3hb 13 днів тому +9

      Lobbying aka bribery

    • @WheelerRickRambles
      @WheelerRickRambles 13 днів тому +8

      It’s a Self regulated industry…like…police investigating the police. And, They found no wrongdoing.

    • @user-re7qm7fl6x
      @user-re7qm7fl6x 13 днів тому +4

      This is America! Capitalism always wins

    • @broken_casper
      @broken_casper 12 днів тому +3

      Corruption lol

    • @humanbeing5300
      @humanbeing5300 12 днів тому +1

      Because they never are

  • @Lecksite
    @Lecksite 10 днів тому +2

    that summed it up well at the end of this vid. the ones at the top of the financial institutions decided to make themselves rich no matter how much damage it caused to how many people

    • @ryaj2356
      @ryaj2356 6 днів тому

      And it only got worse after the Uber rich got their money back to do it all again. The poor lost their money. Homes, cars, all assets. The rich kept everything and even got all their investment back.

  • @rexmundi273
    @rexmundi273 9 днів тому +2

    ETFs are like CDOs.
    ETFs: Throw a bunch of stocks together and let investors buy them, don't look at any fundamentals regarding the underlying stocks.

    • @aymanhawari2589
      @aymanhawari2589 9 днів тому

      ETF are used to print fake shares/FTD
      ETF Short Interest and Failures-to-Deliver:
      Naked Short-Selling or Operational Shorting?
      Richard B. Evans
      University of Virginia
      Rabih Moussawi
      Michael S. Pagano
      John Sedunov
      Villanova University
      First Draft: March, 2016
      This Draft: January, 2018
      ETFs constitute 10% of U.S. equity market capitalization but over 20% of short interest and 78% of failures-
      to-deliver. While this disproportionate share of short activity has raised concerns about excessive
      shorting/naked short-selling of ETFs, we identify an alternative source of ETF shorting related to
      creation/redemption activities. This source, “operational shorting”, is associated with improved liquidity,
      but it is also associated with increased systemic risk. In exploring possible mechanisms for this risk relationship, we document a commonality in operational shorting across ETFs that share the same
      authorized participant and the financial leverage of the authorized participant appears to amplify this
      commonality.
      ua-cam.com/video/ncq35zrFCAg/v-deo.htmlsi=7RGZ8Zydk60EAyPn

  • @WheelerRickRambles
    @WheelerRickRambles 13 днів тому +6

    I wanna be a Senator/House Rep so I can insider trade creating generational wealth for self & family.

    • @user-qr7ee2cp4y
      @user-qr7ee2cp4y 5 днів тому

      Stop voting for the incumbent and maybe you'll become one too some day.

  • @d.diggler9936
    @d.diggler9936 4 дні тому

    At 9:25, that was an uncomfortable silence.

  • @MatthewMS.
    @MatthewMS. 12 днів тому +1

    What’s the best thing ever? Wall Street 🇺🇸📈

  • @mattwassenaar456
    @mattwassenaar456 7 днів тому

    Swap = unregulated/illegal insurance. Check. Permission from SEC = corruption. Double check

  • @Korloko
    @Korloko 9 днів тому

    Privatize the gains, socialize the losses 🇺🇸

  • @stevenm7211
    @stevenm7211 12 днів тому

    2:52 you hear that John Nash?!

  • @Judess89
    @Judess89 13 днів тому +1

    Hey 60 minutes!

  • @tomciolino429
    @tomciolino429 8 днів тому

    JP Morgan Chase invented this and sold them quickly to end their exposure. That’s why they didn’t need a bailout during the crisis !!!

  • @TribalCashAA
    @TribalCashAA 12 днів тому +1

    As long as there are fewer and fewer foreign buyers of U.S. bonds, the U.S. will be forced to use more and more complex derivatives to tie up and slow down dollars. The biggest danger is that foreign governments may start propping up their currencies the same way.

    • @Alpharizzchad
      @Alpharizzchad 9 днів тому

      It was the Foreign backs that sold the loans. Most were busted ( Google it) and the US government sued them. But we're did the money go

  • @graymars1097
    @graymars1097 10 днів тому

    Oh those numbers were so big back then but now they're "meh" numbers 😂
    thank God we're in good hands 😂
    /sarcasm
    God help us all

  • @nelsonnunez7149
    @nelsonnunez7149 9 днів тому

    The nature of their risk is no effect to them … it only affected the %99

  • @ryaj2356
    @ryaj2356 6 днів тому

    Why did tax payers pick up the tab for greedy investors? All reward with no risk?

  • @mzreesiereese1442
    @mzreesiereese1442 13 днів тому +2

    Seeeee, I already knew we were in a recession...they just not saying it!!🤷🏿‍♀️

    • @mr.monitor.
      @mr.monitor. 13 днів тому

      They changed the definition of the word in 2022😅

    • @broken_casper
      @broken_casper 12 днів тому

      @@mr.monitor.y’all are brain dead 💀it’s been more 2 😂😂

    • @mr.monitor.
      @mr.monitor. 12 днів тому

      @@broken_casper What? I can't read ebonics

  • @dinkeydink9376
    @dinkeydink9376 9 днів тому

    Who are the winners that took all the money? They never ask that question. Uncle Sam(tax payers) paid trillions to the winners. Think we all are entitled to know who they are.

  • @Alpharizzchad
    @Alpharizzchad 9 днів тому

    The main One they used Bank of the West to buy up all the property and Package them and then sold them.Recived full payment from the. FHA. And then received money for service the loan. And you couldn't buy the stock? After the they made a huge amount of money. They sold the Bank. Today it's called BMO. They went out of the country for BMO is the Bank of Montreal. That Canadian 😅

  • @jjg1501
    @jjg1501 11 днів тому

    everyone with just a touch of common sense could have told you how this entire thing would play out. its not hard to know someone making 50k a year will default on a million dollar house.

    • @Alpharizzchad
      @Alpharizzchad 9 днів тому

      The problem was in 1990s the housing Bubble. Back then a 800 thousand dollar house was selling for 165. I know I was able to buy mine. Today the house is noted for more. People forget that interest rate was 18-21% 1980-1989.then the bubble hit. And the bank's are not into selling houses for they get paid upfront for the FHA loans and then paid to service the loan. So they just dumped them on the market. And there was a flood of homes

    • @jjg1501
      @jjg1501 9 днів тому

      @@Alpharizzchad so wrong. people were just getting loans that made them appear to cost 165 or even much less for a couple of years until the arm adjusted to multiples of what it was.

  • @user-ew8xj5pg7y
    @user-ew8xj5pg7y 13 днів тому +2

    God loves you and takes care of you so that this message reaches you. God is the one who created this great universe and has complete control over it. And the greatest loss that a person loses in this life is that he lives while he does not know God who created him, knowing the Messenger of Muhammad, the last of the messengers, and the Islamic religion, the last of the heavenly religions. The great intelligence, before you believe in something or not, is to read it, study it, and understand it well, and then you have the choice to believe in it or not. I advise you on this now before you do not have time to do that.

  • @lonnieyancer3256
    @lonnieyancer3256 12 днів тому

    They just buy them out right now.
    So they can borrow and speculate with the equity. Still keep that monthly return. Stop saying it’s complicated. Greed is not complicated. Just follow the money.

    • @humboldthammer
      @humboldthammer 12 днів тому

      Follow the money? TRILLIONS unaccounted for by our own DoD (Department of Defense) -- TRILLIONS !!
      Borrow + Bomb = the False Profit we the sheeple still follow since 2001.
      Trump 2017: "Every nation for itself . . . in the Name of GAUD." Grand Architect of Ur Destruction.
      Biden 2020: "Nothing will FUNDamentally change."

  • @nelsonnunez7149
    @nelsonnunez7149 9 днів тому

    These financial %1 are so evil ….

  • @jameslaskowski2540
    @jameslaskowski2540 6 днів тому

    Disgusting
    Did aig ever payback their rescue money?

  • @eddiet2602
    @eddiet2602 12 днів тому +1

    How can I make money off this

  • @djlemoncello6064
    @djlemoncello6064 8 днів тому

    Looks like real organized crime.

  • @Dieselpwr
    @Dieselpwr 12 днів тому

    Sound like let’s push the market to breaking Point

  • @genieruddle8
    @genieruddle8 13 днів тому

    YIKES!!😫🤬

  • @LaurieValdez-zk3dy
    @LaurieValdez-zk3dy 13 днів тому +6

    $$$
    😢
    We're headed for the Great Depression all over again

    • @thisisme3238
      @thisisme3238 13 днів тому

      No way

    • @mr.monitor.
      @mr.monitor. 13 днів тому +1

      It's already here. Just drive around and look

    • @thisisme3238
      @thisisme3238 13 днів тому

      @@mr.monitor. Why do you think that way?

    • @broken_casper
      @broken_casper 12 днів тому

      Ur getting drafted rejoice

    • @LaurieValdez-zk3dy
      @LaurieValdez-zk3dy 12 днів тому +1

      @@broken_casper oh you have an awesome sense of humor thank you God bless

  • @1974rail
    @1974rail 8 годин тому

    Ask a democrat!

  • @raze1918
    @raze1918 12 днів тому

    😁

  • @franko8572
    @franko8572 13 днів тому

    Boom baby boooom!

  • @samuelslapshak130
    @samuelslapshak130 5 днів тому

    Hey everyone, Bitcoin solves this. All of it. Reach out to me if you’re sick of fiat money. Cheers.

  • @blakeaaron5698
    @blakeaaron5698 11 днів тому

    Crypto, anyone?

  • @maximumoverload5134
    @maximumoverload5134 12 днів тому +1

    Trump 2024 MAGA
    Trump the real MVP
    ( MOST VALUABLE PRESIDENT )

  • @deathlarsen7502
    @deathlarsen7502 8 днів тому

    what a joke