Sound analysis. This is the most concise and comprehensive examination of the problem I've heard.

ive heard many lectures about 2008 fin crisis but the way you explained is amazing.. Sir you have an amazing style of teaching & explaining.. I recommended your channel to my ACCA friends and they are loving your lectures specially on financial management.. I genuinely respect your hard work.

please keep making the videos and share your knowledge, thoughts and understanding. I can spend hours watching your videos.

Economic investigator Frank G Melbourne Australia 🇦🇺 still watching this very informative content cheers Frank

Great lecture, professor. Thank you for sharing such a great content.

Easy to understand! Love many of your teachings.

Its nice to see you back posting videos, welcome back Mr Petrov

Youre a great lecturer! So glad I found your videos :)

i am learning about economic and i would say this would be a good class.

An outstanding Profefssor! It is almost impossible not to understand what he is teaching. Big up Professor !!!

A very recently launched book "Globalisation, Democratization and Distributive Justice" by Prof Moolchand Sharma, discusses such things.. and this lecture cleared the base required to read that book..

Best explanation thanks

Благодаря за лекцията и изобщо за целия канал!

Im watching this lecture in 2020. Still relevant!

the best lecture of economics

I have watched this 4 times. Great video.

Very interesting, you speak very slowly and clearly, was it a challenge teaching in Taiwan in English ?

love very much for teaching

victim of 2008 subprime crisis. i worked for long hours more than 20 hours for rabo bank at cognizant chennai india.,which resulted in bakpain to me for next 10 years and unable to work for 10 years

best time spent on my life!

You are an awesome sir.

Hello Sir, What is your take on real estate market skyrocketing in Vancouver and Toronto in the last 7-8 years? Also what is your take on investing in Electronic car stocks and lithium stocks? Hoping for your answer. Thank you

thanks it's a good lecture and im making my final year project on this topic(CAUSES AND CONSEQUENCES OF US FINANCIAL CRISIS)

Can u give the slides???i really want to see....

He purports to explain the reasons why, but doesn't get to why the US interest rates were pushed so low.

Wonderful explanation, thank you very much

It is worth adding now that we are passing mid-cycle that in many countries we are heading toward yet another property market asset bubble. Property (that is, land) market cycles have occurred on average every 18-21 years, depending on the policies following by government and the financial sector. The record low mortgage interest rates existing since 2010 have meant property buyers can carry higher levels of mortgage debt, which market forces capitalize into higher and higher property prices (driven by credit-fueled land speculation). The only possible way to forestall or at least mitigate the next decline is to implement actual tax reform: (a) remove the tax advantage given to so-called capital gains over ordinary income; (b) return real progressivity to the individual income tax, the objective being to heavily tax income derived from passive investment and speculation; and (c) local governments need to be encouraged to move to a property tax structure that exempts property improvements in favor of collecting the potential annual rental value of all privately-held locations (a change sometimes referred to as "land value taxation").

economics lectures as they should be

Great lecture! Just out of curiosity, what action should the US Fed Reserve take at this point in time? Should they raise rates? Are there any smooth solutions to these economic crises?

Sir, I keep reading and hearing that it would be wise to hold a few oz. of physical gold and/or silver bullion in my/our possession as a way to preserve some of our wealth or as a hedge to protect ourselves from the next economic crisis or financial collapse. May I (we) get your opinion on this. I appreciate your wisdom and insight. Martin in Canada

Best lecturer ever... I wish I could study at you..but

Excellent

can you give me the content of the slides please

do youhave the link for your ppt?

It's starting to happen now

Hi Petrov..what is your understanding on Indian economy now? was demonetization and going digital like using paytm etc was a correct move to curb black money?

Thanks for the nice explanation sir. But if i may ask, what causes economic bubble to burst?

you have changed a lot

thank you Sir!

WELL EXPLAINED

Your so good sir. Thankyou just one question that i dont understand why the borrowers they cannot/dont afford ... to pay for the money the borrowed ??

what's your opinions about Chinese real estate market?

We can't see what you write in board.

sorry Sir, the OTC derivatives forex trading are much bigger bubble, interest rate swap a much bigger problem, subprime mortgages securitisation/CDS are tiny.

The whole world was not only buying them, the whole world was also selling them to their own citizens

Professor Petrov's statements regarding lending to minorities in the United States makes it sound as if all prudent underwriting standards were discarded. This is not what occurred, although the financial lending markets experienced a high level of fraud and misrepresentation. What caused this to occur? Investors are always looking for higher and average yields. Some every astute people convinced investors to channel billions of dollars into the purchase of private label mortgage backed securities. The loans produced and pooled together as collateral for these securities were originated by mortgage brokers paid high fees to find borrowers willing to pay high rates of interest and pay high fees. Often the people borrowing the money had no idea of the terms they were agreeing to. Often the people borrowing the money would never have obtained the financing from a lender using prudent underwriting. Investors acquired a false confidence in the quality of the MBS because bond rating agencies rated the MBS equivalent to AAA bonds, without any investigation into how the loans were produced.

Speculation in land prices is what drives the economy. 18 year cycle.

20 to 30 years of mismanagement and irresponsible fiscal policies resulted in the Great Recession -- that and failing to learn from the stock market crash of 1929 and the subsequent Great Depression.

Did you apply economics to your hair cut? Cause sometime I do that if I don't want to see barber gay.

To complement this great lecture: Watch the movie "The Big Short".

This was in North Korea?

so long no see, where is your hair,sir..

I feel sick hearing such terrible facts. I wasn't only thinking about ten of millions of people who lost their jobs and home in the US, but those dieases did also spread worldwide. Those scumbags won't even pay for what they'd done. My god.. what a world..

Greenspan didn't tell lenders to throw out their underwriting procedures/protocols and give a loan to every tom dick and harry that walked through their door after which those loans got packaged in MBSs.

I wonder how much non productive credit there is in the world atm..

I'm still wondering how such a good lecture turn into insulting the black people. I'm not myself black however, the way this lecturer degraded 13% of the American population is beyond me.

Macau is not a country btw

Boring