Many economists consider the financial crisis of 2008 to be the worst economic downturn since the Great Depression. According to Bill Gates , the US is heading toward another one just like it. On Tuesday, the Microsoft founder held an “Ask Me Anything” event on Reddit. When a user asked, “Do you think in the near future, we will have another financial crisis similar to the one in 2008?” Gates replied with a stern – but still optimistic – warning. “Yes. It is hard to say when but this is a certainty,” Gates said. “Fortunately we got through that one reasonably well. Gates then deferred to his friend and fellow billionaire philanthropist Warren Buffett , saying, “Warren has talked about this and he understands this area far better than I do.” The 2008 crisis led to the Great Recession , which saw 8.8 million jobs lost. The net worth of households across the US fell by more than $19 trillion, and the number of homeless families increased. Gates ...
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