Is the market crash already starting?

Video Description

Financial markets across the world are flashing red. The S&P 500 has finally turned down after weeks and even months of irrational optimism. The FTSE 100 is sliding. Gold is falling. Bitcoin and the broader crypto market are collapsing. In this video, I explain why these signals point to an imminent crash – not next year, not in theory, but now. I explore why hype has replaced fundamentals, how AI-driven debt issuance has destabilised markets, and why political leaders today lack the competence to manage what’s coming. Are we ready for the consequences? I’m not sure we are. Let us know your thoughts by voting in our poll: https://www.youtube.com/post/UgkxzSxC15VqyU-EA6F4qcIIqbwWQjQ1Lnq7 00:00 – Is a Crash Coming? 00:32 – Early Signs of Market Downturn 01:06 – Stocks, Gold, and Crypto Falling 02:00 – The End of the Hype Cycle 02:34 – Predictions of Major Market Declines 03:08 – What Kind of Crash Could This Be? 03:32 – Lessons from 2000 vs. 2008 04:12 – Why This Crash Could Hit Banks 04:44 – AI Boom, Debt, and Financial Fragility 05:22 – Political Incompetence and Global Instability 06:08 – The UK’s Weak Position 06:42 – A Population Without Resilience 07:20 – Austerity, COVID, and Systemic Vulnerability 08:02 – Can This Crash Be Managed? 08:52 – The Need for Leadership and Financial Reform 09:26 – Preparing for a Tough Economic Future 10:02 – Final Thoughts and Call to Action TRANSCRIPT A transcript for this video is available at: https://www.taxresearch.org.uk/Blog/2025/11/19/is-the-crash-happening-2/ IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. https://www.taxresearch.org.uk/Blog/2025/06/20/chatgpt-prompt-for-a-letter-to-your-mp/ HOW TO SUPPORT US Please consider donating: https://ko-fi.com/taxresearch ABOUT RICHARD MURPHY Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’. This video was edited by Thomas Murphy. RICHARD MURPHY ON BLUESKY: https://bsky.app/profile/richardjmurphy.bsky.social OR ON MY BLOG: http://www.taxresearch.org.uk/Blog/ HIT SUBSCRIBE & GET NOTIFICATIONS Subscribe and get notified of new videos released. INTRODUCTION: https://www.youtube.com/watch?v=HdHsRPy3060 PLAYLISTS: The Wealth Series https://www.youtube.com/playlist?list=PLvRueM6wBgobQLeyZYAagFDMjEFTKbhRD Ecenomics https://www.youtube.com/playlist?list=PLvRueM6wBgob54Gs-fOL-8OAQ-IpduwB4 Britain https://www.youtube.com/playlist?list=PLvRueM6wBgobwTT4ATvJjsf8OO6S7wD10 Tax https://www.youtube.com/playlist?list=PLvRueM6wBgoaMni_12J6ULp3yUJisUZoY MMT https://www.youtube.com/playlist?list=PLvRueM6wBgoZ6jvRGSW5YXu8qogE6aClX Money https://www.youtube.com/playlist?list=PLvRueM6wBgoYnLk1c7syTvoIo8bKYUs5m Climate Change https://www.youtube.com/playlist?list=PLvRueM6wBgob4_wsYaVivWd2WumpPLYwJ USA https://www.youtube.com/playlist?list=PLvRueM6wBgoYYd3dSyU2Oyl3x7bWJOP7H Labour https://www.youtube.com/playlist?list=PLvRueM6wBgoa-KhzG-fnjDSg1WROL1zMw The Trump Administration https://www.youtube.com/playlist?list=PLvRueM6wBgobz41-GLimTho27A3flVWQx #marketcrash #economiccrisis #financialmarkets #stockmarketcrash #SP500 #FTSE100 #goldprices #bitcoincrash #cryptomarket #techbubble #AIbubble #bankingcrisis #globalrecession #economicwarning #financialstability #2008crisis #dotcombubble #politicalleadership #austerity #economicrisks