In this gripping episode of the Recession Podcast, host Daniel Foch takes listeners on a deep dive into the 2008 Global Financial Crisis - the most significant economic meltdown since the Great Depression. From suburban foreclosures to Wall Street's collapse, we explore how the American Dream of homeownership collided with financial innovation to create a perfect storm that shook the global economy.

Following our previous episode on the dot-com bubble, we examine how the Federal Reserve's response to that crisis inadvertently set the stage for an even bigger disaster. Through compelling storytelling and expert analysis, we break down complex financial instruments, risky lending practices, and the human stories that defined this pivotal moment in economic history.

Whether you're a financial expert or just curious about how the housing market nearly brought down the global economy, this episode offers invaluable insights into one of the most transformative economic events of our time.

Key Topics Covered:

• Origins of the housing bubble and subprime mortgage crisis
• Impact on Main Street America and global markets
• Regulatory responses including Dodd-Frank Act
• International coordination and reforms
• Legacy effects and modern parallels

• The Big Short (2015 film)
• Dodd-Frank Wall Street Reform Act
• Basel III Agreements
• Financial Stability Board (FSB)

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In this episode, we dive deep into one of the most significant economic events of the late 20th century - the Dot-Com Bubble. From its meteoric rise to its dramatic fall, we explore how the internet revolution transformed the investment landscape and eventually led to an unprecedented market crash.

Key Topics Covered:

• The NASDAQ's incredible 800% rise from 1995-2000 and subsequent 78% crash
• How modern-day darlings like NVDIA and Microstrategy fared during the Dot-Com bubble
• The idea that "this time it was different"
• How the early internet era shaped technological optimism and investment behavior
• The role of the Federal Reserve in attempting to manage the overheating economy
• Parallels between historical tech booms and today's AI/crypto markets
• Impact of online trading platforms in democratizing stock market access
• The Warren Buffett indicator

Notable Statistics:

• NASDAQ peak: 5,048.62 (March 10, 2000)
• Duration of economic contraction: March 2000-November 2001
• Website growth: 1 site in 1991 to over 2.4 million by 1998

Modern Parallels:

• AI and the idea that the economy will become totally different and more resilient because of a new technology
• MSTR: Microstrategy a key player during the dot-com era and today
• Crypto: Mania & hype around bitcoin and memecoins
• Current AI boom and cryptocurrency market growth
• Tech sector dominance in today's market valuations
• Retail investor participation through digital platforms