What will happen when the stock market bubble bursts?

Video Description

Global stock markets are at record highs. Everyone knows it’s a bubble, but no one wants to leave the dance. In this video, I explain why AI hype, leveraged finance and shadow banking have created the biggest financial bubble since 2008 and why its collapse could wipe £1 trillion off UK stock markets. More importantly, I set out how we can rebuild finance to serve society, not the other way round. 00:00 – What happens when a stock market bubble bursts? 01:10 – Global markets at record highs 02:35 – AI hype and irrational investment 03:40 – Understanding what a crash really means 05:00 – The pension fund fallout 06:30 – Impact on retirees and future income 07:40 – Bonds, interest rates, and recovery 08:50 – The hidden danger: debt-driven finance 10:10 – How £1 trillion could vanish overnight 11:25 – Banking contagion and loss of trust 12:30 – Lessons ignored since 2008 13:30 – Why the next crash will hit harder 14:30 – Rebuilding finance for public good 15:30 – The choice: repeat 2008 or rebuild justly TRANSCRIPT A transcript for this video is available at: https://www.taxresearch.org.uk 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 #StockMarketCrash #FinancialCrisis #UKEconomy #FTSE100 #AIBubble #PensionFunds #BankingSystem #PublicBanking #Neoliberalism #2008Crash #EconomicReform #FinancialJustice #MarketBubble #HedgeFunds #PrivateEquity #ShadowBanking #InterestRates #GovernmentBonds #JustEconomy #NeverAgain