🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 109 (from laksa167)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa109.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran/\')), getAhrefsUnparsedNoserviceFromURL(\'https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran/\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/finbold.com\/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran\/","crawl_time":1776049598,"first_indexed_time":1773495134,"http_code":200,"src_unparsed":"com,finbold!\/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran\/ s443","src_root_hash":"66360221349333909","history_drop_reason":null,"meta_title":"Expect a ‘nasty’ economic collapse similar to 2008, warns trading veteran","meta_descriptions":["A trading veteran has warned that the U.S. economy could be heading toward a severe downturn reminiscent of the 2008 financial crisis."],"attrs_boilerpipe_text":"Trading veteran Todd Horwitz is warning that the United States economy could be heading toward a severe downturn reminiscent of the\n2008 financial crisis\nas economic pressures build beneath seemingly stable financial markets.\nHis concerns come as recent data showed the U.S. economy expanding at a much slower pace than expected, he\nsaid\nin an interview with David Lin published on March 13.\nNotably, gross domestic product grew at an annualized rate of just 0.7% in the fourth quarter, sharply lower than the earlier estimate of 1.4% and well below market expectations.\nDespite the weak reading, markets barely reacted. To this end, Horwitz said this reflects how modern markets function, with large institutions closely tracking the indicators behind data such as GDP and jobs figures, meaning much of the information is already priced in before the official release.\nWhile markets may appear stable, the trader argued that the broader economic reality is far more troubling, especially for most Americans. \nRising household financial pressure \nHe said household\nfinancial\npressure is rising as debt continues to grow, with many consumers increasingly relying on credit and deferred-payment financing to sustain spending.\nAt the same time, mortgage delinquencies remain a concern, and borrowing costs have stayed elevated. Horwitz also pointed to signs of overbuilding in several sectors of the economy, which could exacerbate financial stress if conditions deteriorate.\nHe further warned that the\nbanking\nsystem may be vulnerable due to excessive leverage, a dynamic that historically amplifies financial shocks during downturns.\n“I expect a pretty nasty collapse once again. I expect something similar to 2008. I think the banks are overleveraged. I think the Federal Reserve is worthless. Their rate cut cycle, if you go back and look, they cut rates five times in the last two years,” Horwitz stated. \nHe also pointed out that yields on benchmark 10-year Treasury notes have climbed roughly 200 basis points over the same period, limiting the intended relief for consumers and borrowers.\nBeyond financial conditions, structural shifts in the labor market could deepen economic strains. The growing adoption of\nartificial intelligence\nis increasingly replacing high-paying management and professional roles, jobs that may not easily return once automated.\nTaken together, Horwitz believes the combination of these factors could culminate in a sharp economic downturn comparable to the 2008 financial crisis.\nFeatured image via Shutterstock\nBest Crypto Exchange for Intermediate Traders and Investors\nInvest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.\n0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com\/trading\/fees.\nCopy top-performing traders in real time, automatically.\neToro USA is registered with FINRA for securities trading.\n30+ million\nUsers worldwide\neToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.\nTake 2 mins to learn more\n.\nJoin Finbold's newsroom, become a crypto reporter today!\nApply now to join Finbold as a crypto\/finance news writer!\nOpen Positions","attrs_markdown":"[Skip to content](https:\/\/finbold.com\/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran\/#main)\n\n[![Finbold Logo](https:\/\/finbold.com\/build\/assets\/finbold-BRLIgD1f.svg) ![Finbold Logo](https:\/\/finbold.com\/build\/assets\/logo-white-Co618pGo.svg)](https:\/\/finbold.com\/ \"Finbold\")\n\nNews\n\n[Finance news](https:\/\/finbold.com\/category\/finance-news\/)\n\n[Crypto news](https:\/\/finbold.com\/category\/cryptocurrency-news\/)\n\n[Stock news](https:\/\/finbold.com\/category\/stocks-news\/)\n\n[Technology news](https:\/\/finbold.com\/category\/technology-news\/)\n\n[Startup news](https:\/\/finbold.com\/category\/startups-news\/)\n\n[Regulation news](https:\/\/finbold.com\/category\/regulations-news\/)\n\n[Banking news](https:\/\/finbold.com\/category\/banking-news\/)\n\n[Press Releases](https:\/\/finbold.com\/category\/press-releases\/)\n\n[Interviews](https:\/\/finbold.com\/category\/interviews\/)\n\n[Sponsored](https:\/\/finbold.com\/category\/sponsored\/)\n\n[Leader Insights](https:\/\/finbold.com\/category\/opinions\/)\n\nMarkets\n\n[Stocks](https:\/\/finbold.com\/stocks\/)\n\n[Cryptocurrencies](https:\/\/finbold.com\/cryptocurrencies\/)\n\n[ETFs](https:\/\/finbold.com\/etfs\/)\n\nLearn\n\n[Crypto Exchanges](https:\/\/finbold.com\/reviews\/crypto-exchanges\/)\n\n[DeFi Projects](https:\/\/finbold.com\/reviews\/defi-projects\/)\n\n[Stock Brokers](https:\/\/finbold.com\/reviews\/stock-brokers\/)\n\n[Trading Bots](https:\/\/finbold.com\/reviews\/trading-bots\/)\n\n[Investing](https:\/\/finbold.com\/guides\/investing\/)\n\n[Finance](https:\/\/finbold.com\/guides\/finance\/)\n\n[Cryptocurrency](https:\/\/finbold.com\/guides\/cryptocurrency\/)\n\n[Technology](https:\/\/finbold.com\/guides\/technology\/)\n\n[Banking](https:\/\/finbold.com\/guides\/banking\/)\n\nAll\n\nMarkets\n\nNews\n\nReviews\n\nGuides\n\nNo results found\n\nSearch\n\n⌘K\n\nSign In\n\nSign Up\n\nAll\n\nMarkets\n\nNews\n\nReviews\n\nGuides\n\nNo results found\n\nTo keep going please Log in.\n\nor\n\nTo keep going please Log in.\n\nor\n\nTo keep going please Log in.\n\nor\n\nTo keep going please Log in.\n\nor\n\n# Expect a ‘nasty’ economic collapse similar to 2008, warns trading veteran\n![Expect a ‘nasty’ economic collapse similar to 2008, warns trading veteran](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/03\/Expect-a-%E2%80%98nasty-economic-collapse-similar-to-2008-warns-trading-veteran.jpg)\n\n[![Paul L.](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2022\/09\/Paul-Finbold-150x150.jpg)](https:\/\/finbold.com\/author\/paul\/)\n\n[Paul L.](https:\/\/finbold.com\/author\/paul\/)\n\n[Finance](https:\/\/finbold.com\/category\/finance-news\/)\n\nMar 14, 2026\n\nShare\n\nTrading veteran Todd Horwitz is warning that the United States economy could be heading toward a severe downturn reminiscent of the [2008 financial crisis](https:\/\/finbold.com\/guide\/the-great-recession-explained\/#:~:text=The%20chief%20culprit%20in%20the,regulation%20in%20the%20banking%20industry.) as economic pressures build beneath seemingly stable financial markets.\n\nHis concerns come as recent data showed the U.S. economy expanding at a much slower pace than expected, he [said](https:\/\/www.youtube.com\/watch?v=cz-fTaQfKVU) in an interview with David Lin published on March 13.\n\nNotably, gross domestic product grew at an annualized rate of just 0.7% in the fourth quarter, sharply lower than the earlier estimate of 1.4% and well below market expectations.\n\nDespite the weak reading, markets barely reacted. To this end, Horwitz said this reflects how modern markets function, with large institutions closely tracking the indicators behind data such as GDP and jobs figures, meaning much of the information is already priced in before the official release.\n\nWhile markets may appear stable, the trader argued that the broader economic reality is far more troubling, especially for most Americans.\n\n## Rising household financial pressure\nHe said household [financial](https:\/\/finbold.com\/guides\/finance\/) pressure is rising as debt continues to grow, with many consumers increasingly relying on credit and deferred-payment financing to sustain spending.\n\nAt the same time, mortgage delinquencies remain a concern, and borrowing costs have stayed elevated. Horwitz also pointed to signs of overbuilding in several sectors of the economy, which could exacerbate financial stress if conditions deteriorate.\n\n[![Not Trading, Not Staking: The New Crypto Strategy Generating Up to 24% APY](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/featured-image-265442-1024x574.png) Not Trading, Not Staking: The New Crypto Strategy Generating Up to 24% APY Crypto investors continue to look for consistent ways to earn returns without relying on unpredictable market cycles. Traditional strategies often … Continue reading Featured Press Release Apr 9, 2026](https:\/\/finbold.com\/not-trading-not-staking-the-new-crypto-strategy-generating-up-to-24-apy\/)\n\nHe further warned that the [banking](https:\/\/finbold.com\/guides\/banking\/) system may be vulnerable due to excessive leverage, a dynamic that historically amplifies financial shocks during downturns.\n\n> “I expect a pretty nasty collapse once again. I expect something similar to 2008. I think the banks are overleveraged. I think the Federal Reserve is worthless. Their rate cut cycle, if you go back and look, they cut rates five times in the last two years,” Horwitz stated.\n\nHe also pointed out that yields on benchmark 10-year Treasury notes have climbed roughly 200 basis points over the same period, limiting the intended relief for consumers and borrowers.\n\nBeyond financial conditions, structural shifts in the labor market could deepen economic strains. The growing adoption of [artificial intelligence](https:\/\/finbold.com\/guide\/how-to-invest-in-ai-stocks-in-canada\/) is increasingly replacing high-paying management and professional roles, jobs that may not easily return once automated.\n\nTaken together, Horwitz believes the combination of these factors could culminate in a sharp economic downturn comparable to the 2008 financial crisis.\n\n***Featured image via Shutterstock***\n\nShare\n\nBest Crypto Exchange for Intermediate Traders and Investors\n\n- Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.\n- 0% commission on stocks - buy in bulk or just a fraction from as little as \\$10. Other fees apply. For more information, visit etoro.com\/trading\/fees.\n- Copy top-performing traders in real time, automatically.\n- eToro USA is registered with FINRA for securities trading.\n\n[![logo](https:\/\/finbold.com\/build\/assets\/etoro-logo-DkSeNgDu.webp)](https:\/\/visit.finbold.com\/etoro)\n\n30+ million Users worldwide\n\n[Get Started](https:\/\/visit.finbold.com\/etoro)\n\neToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. [Take 2 mins to learn more](https:\/\/visit.finbold.com\/etoro-learn-more).\n\n![Finbold Career](https:\/\/finbold.com\/build\/assets\/career-ad-image-fKS52RSs.webp)\n\n### Join Finbold's newsroom, become a crypto reporter today\\!\nApply now to join Finbold as a crypto\/finance news writer\\!\n\n[Open Positions](https:\/\/finbold.com\/careers)\n### Latest posts\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/Analyst-maps-XRPs-%E2%80%98huge-rally-path-to-8.5--150x150.jpg)](https:\/\/finbold.com\/analyst-maps-xrps-huge-rally-path-to-8-5\/?related=1 \"Analyst maps XRP’s ‘huge’ rally path to $8.5\")\n\n[Finance](https:\/\/finbold.com\/category\/finance-news\/)\n\n### [Analyst maps XRP’s ‘huge’ rally path to \\$8.5](https:\/\/finbold.com\/analyst-maps-xrps-huge-rally-path-to-8-5\/?related=1 \"Analyst maps XRP’s ‘huge’ rally path to $8.5\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/If-you-invested-100-in-INTC-stock-when-Intel-last-paid-dividends-heres-your-return-now--150x150.jpg)](https:\/\/finbold.com\/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now\/?related=1 \"If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now\")\n\n[Stocks](https:\/\/finbold.com\/category\/stocks-news\/)\n\n### [If you invested \\$100 in INTC stock when Intel last paid dividends, here’s your return now](https:\/\/finbold.com\/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now\/?related=1 \"If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/Justin-Sun-blasts-Trump-backed-WLF-as-%E2%80%98personal-ATM-scheme-after-75M-loan--150x150.jpg)](https:\/\/finbold.com\/justin-sun-blasts-trump-backed-wlf-as-personal-atm-scheme-after-75m-loan\/?related=1 \"Justin Sun blasts Trump-backed WLF as ‘personal ATM’ scheme after $75M loan\")\n\n[Cryptocurrency](https:\/\/finbold.com\/category\/cryptocurrency-news\/)\n\n### [Justin Sun blasts Trump-backed WLF as ‘personal ATM’ scheme after \\$75M loan](https:\/\/finbold.com\/justin-sun-blasts-trump-backed-wlf-as-personal-atm-scheme-after-75m-loan\/?related=1 \"Justin Sun blasts Trump-backed WLF as ‘personal ATM’ scheme after $75M loan\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/AI-sets-odds-of-XRP-reclaiming-3-in-Q2-2026--150x150.jpg)](https:\/\/finbold.com\/ai-sets-odds-of-xrp-reclaiming-3-in-q2-2026\/?related=1 \"AI sets odds of XRP reclaiming $3 in Q2 2026 \")\n\n[Cryptocurrency](https:\/\/finbold.com\/category\/cryptocurrency-news\/)\n\n### [AI sets odds of XRP reclaiming \\$3 in Q2 2026](https:\/\/finbold.com\/ai-sets-odds-of-xrp-reclaiming-3-in-q2-2026\/?related=1 \"AI sets odds of XRP reclaiming $3 in Q2 2026 \")\n### Finance Digest\n### Related posts\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/If-you-invested-100-in-INTC-stock-when-Intel-last-paid-dividends-heres-your-return-now--150x150.jpg)](https:\/\/finbold.com\/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now\/?related=1 \"If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now\")\n\n[Stocks](https:\/\/finbold.com\/category\/stocks-news\/)\n\n### [If you invested \\$100 in INTC stock when Intel last paid dividends, here’s your return now](https:\/\/finbold.com\/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now\/?related=1 \"If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/AI-predicts-Sandisk-stock-for-2026-after-Nasdaq-100-addition-150x150.jpg)](https:\/\/finbold.com\/ai-predicts-sandisk-stock-price-for-end-of-2026-after-nasdaq-100-addition\/?related=1 \"AI predicts Sandisk stock price for end of 2026 after Nasdaq 100 addition\")\n\n[Stocks](https:\/\/finbold.com\/category\/stocks-news\/)\n\n### [AI predicts Sandisk stock price for end of 2026 after Nasdaq 100 addition](https:\/\/finbold.com\/ai-predicts-sandisk-stock-price-for-end-of-2026-after-nasdaq-100-addition\/?related=1 \"AI predicts Sandisk stock price for end of 2026 after Nasdaq 100 addition\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/Wall-Street-analysts-predict-Tesla-stock-price-for-the-next-12-months--150x150.jpg)](https:\/\/finbold.com\/wall-street-analysts-predict-tesla-stock-price-for-the-next-12-months\/?related=1 \"Wall Street analysts predict Tesla stock price for the next 12 months\")\n\n[Stocks](https:\/\/finbold.com\/category\/stocks-news\/)\n\n### [Wall Street analysts predict Tesla stock price for the next 12 months](https:\/\/finbold.com\/wall-street-analysts-predict-tesla-stock-price-for-the-next-12-months\/?related=1 \"Wall Street analysts predict Tesla stock price for the next 12 months\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/Crypto-markets-predict-Palantir-PLTR-stock-price-for-April-30-2026-150x150.jpg)](https:\/\/finbold.com\/crypto-markets-predict-palantir-pltr-stock-price-for-april-30-2026\/?related=1 \"Crypto markets predict Palantir (PLTR) stock price for April 30, 2026\")\n\n[Stocks](https:\/\/finbold.com\/category\/stocks-news\/)\n\n### [Crypto markets predict Palantir (PLTR) stock price for April 30, 2026](https:\/\/finbold.com\/crypto-markets-predict-palantir-pltr-stock-price-for-april-30-2026\/?related=1 \"Crypto markets predict Palantir (PLTR) stock price for April 30, 2026\")\n\n[![Paul](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2022\/09\/Paul-Finbold-150x150.jpg)](https:\/\/finbold.com\/author\/paul\/)\n\n[Paul](https:\/\/finbold.com\/author\/paul\/)\n\n[Finance](https:\/\/finbold.com\/category\/finance-news\/)\n\nMar 14, 2026\n\nShare\n\n![Close](https:\/\/finbold.com\/build\/assets\/times-C27S_ZC8.svg)\n\n#### Share on social media\n[![X](https:\/\/finbold.com\/build\/assets\/twitter-BZi-sCXk.svg)](https:\/\/twitter.com\/intent\/tweet?text=&url=https:\/\/finbold.com\/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran \"Share on X\")   [![Twitter](https:\/\/finbold.com\/build\/assets\/facebook-CWoNDVd-.svg)](https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/finbold.com\/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran \"Share on Facebook\")   [![Telegram](https:\/\/finbold.com\/build\/assets\/telegram-SDteO3QO.svg)](tg:msg?text=https:\/\/finbold.com\/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran \"Share on Telegram\")   [![Reddit](https:\/\/finbold.com\/build\/assets\/reddit-B7UcU75F.svg)](https:\/\/www.reddit.com\/submit?url=https:\/\/finbold.com\/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran \"Post on Reddit\")   [![LinkedIn](https:\/\/finbold.com\/build\/assets\/linked-in-gMo06QIE.svg)](https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https:\/\/finbold.com\/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran \"Post on LinkedIn\")   [![WhatsApp](https:\/\/finbold.com\/build\/assets\/whatsapp-CucAxfyi.svg)](whatsapp:\/\/send?text=https:\/\/finbold.com\/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran \"Post on WhatsApp\")\n\nOr copy link\n\nhttps:\/\/finbold.com\/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran\n\nCopy\n\nTry our AI Agent\n\nTry our AI Agent\n\n### Predict prices, create alerts and more. Try our AI Agent\n### Predict prices, create alerts and more. Try our AI Agent\n\n# Finbold AI Agent\n## How AI Price Predictions Work\nWe use cutting-edge AI models to forecast future prices for stocks and crypto.\n\nTry for Free\n\n[Home](https:\/\/finbold.com\/)\n\nNews\n\nSearch\n\nAccount\n\nMenu\n\n![Markets](https:\/\/finbold.com\/build\/assets\/chevron-right-taCUy33o.svg) News\n\n[Finance news](https:\/\/finbold.com\/category\/finance-news\/)\n\n[Crypto news](https:\/\/finbold.com\/category\/cryptocurrency-news\/)\n\n[Stock news](https:\/\/finbold.com\/category\/stocks-news\/)\n\n[Technology news](https:\/\/finbold.com\/category\/technology-news\/)\n\n[Startup news](https:\/\/finbold.com\/category\/startups-news\/)\n\n[Regulation news](https:\/\/finbold.com\/category\/regulations-news\/)\n\n[Banking news](https:\/\/finbold.com\/category\/banking-news\/)\n\nAll\n\nMarkets\n\nNews\n\nReviews\n\nGuides\n\nNo results found\n\n![Markets](https:\/\/finbold.com\/build\/assets\/chevron-right-taCUy33o.svg) Account\n\n[Sign up](https:\/\/finbold.com\/?signup_modal=true)\n\n[Log In](https:\/\/finbold.com\/?signin_modal=true)\n\nNews\n\nMarkets\n\nReviews\n\nGuides\n\nTools\n\nAccount\n\n[![Finbold logo white]()](https:\/\/finbold.com\/ \"Finbold homepage\")\n\nCopyright © 2026 Finbold.com. All rights reserved. Use of this site constitutes acceptance of our [Terms of Service](https:\/\/finbold.com\/terms-and-conditions\/).\n\n#### News\n- [Finance](https:\/\/finbold.com\/category\/finance-news\/ \"Finance News\")\n- [Stocks](https:\/\/finbold.com\/category\/stocks-news\/ \"Stocks News\")\n- [Cryptocurrency](https:\/\/finbold.com\/category\/cryptocurrency-news\/ \"Cryptocurrency News\")\n- [Banking](https:\/\/finbold.com\/category\/banking-news\/ \"Banking News\")\n- [Technology](https:\/\/finbold.com\/category\/\/technology-news\/ \"Technology News\")\n- [Startups](https:\/\/finbold.com\/category\/startups-news\/ \"Startup News\")\n- [Cybersecurity](https:\/\/finbold.com\/category\/cybersecurity-news\/ \"Cybersecurity News\")\n- [Regulations](https:\/\/finbold.com\/category\/regulations-news\/ \"Regulation News\")\n\n#### Tools\n- [Stock average calculator](https:\/\/finbold.com\/online-calculators-investment-tools\/average-stock-price-calculator\/ \"Stock average calculator\")\n- [Percentage calculator](https:\/\/finbold.com\/online-calculators-investment-tools\/percentage-calculator\/ \"Percentage calculator\")\n\n#### [Services](https:\/\/finbold.com\/services\/)\n- [Trading signals](https:\/\/finbold.com\/trading-signals\/ \"Trading signals\")\n- [— Insider trades](https:\/\/finbold.com\/trading-signals\/insider-trades\/ \"Insider trades\")\n- [— Senator trades](https:\/\/finbold.com\/trading-signals\/senator-trades\/ \"Senator trades\")\n- [— Congress trades](https:\/\/finbold.com\/trading-signals\/congress-trades\/ \"Congress trades\")\n- [Price alerts](https:\/\/finbold.com\/price-alerts\/ \"Price alerts\")\n- [— Stock price alerts](https:\/\/finbold.com\/price-alerts\/stock-price-alerts\/ \"Stock price alerts\")\n- [— Crypto price alerts](https:\/\/finbold.com\/price-alerts\/crypto-price-alerts\/ \"Crypto price alerts\")\n- [Watchlist](https:\/\/finbold.com\/market-watchlist\/ \"Stock & crypto watchlist\")\n\n#### Learn\n- [Guides](https:\/\/finbold.com\/guides\/ \"Finance and crypto guides\")\n- [Reviews](https:\/\/finbold.com\/reviews\/ \"Finance and crypto product reviews\")\n- [Interviews](https:\/\/finbold.com\/category\/interviews\/ \"Interviews with industry experts\")\n- [Leader insights](https:\/\/finbold.com\/category\/opinions\/ \"Industry leader insights\")\n\n#### Markets\n- [Stock prices](https:\/\/finbold.com\/stocks\/ \"Stock prices\")\n- [Crypto prices](https:\/\/finbold.com\/cryptocurrencies\/ \"Cryptocurrency prices\")\n- [ETF prices](https:\/\/finbold.com\/etfs\/ \"ETF (exchange-traded fund) prices\")\n- [Bitcoin price](https:\/\/finbold.com\/cryptocurrency\/bitcoin\/ \"Bitcoin price\")\n- [Apple stock price](https:\/\/finbold.com\/stock\/apple-aapl \"Apple (AAPL) stock price\")\n- [Microsoft stock price](https:\/\/finbold.com\/stock\/microsoft-msft \"Microsoft (MSFT) stock price\")\n- [Nvidia stock price](https:\/\/finbold.com\/stock\/nvidia-stock-nvda \"Nvidia (NVDA) stock price\")\n\n#### Company\n- [About](https:\/\/finbold.com\/about\/ \"Learn more about Finbold\")\n- [Contact](https:\/\/finbold.com\/contact\/ \"Reach out to Finbold team\")\n- [Careers](https:\/\/finbold.com\/careers\/ \"Opportunities to join Finbold team\")\n- [Editorial guidelines](https:\/\/finbold.com\/code-of-ethics\/ \"Finbold's editorial guidelines\")\n- [Submit news tip](https:\/\/finbold.com\/submit-news-tip\/ \"Submit news tip\")\n\n#### Community\n#### Legal\n- [Terms & conditions](https:\/\/finbold.com\/terms-and-conditions\/ \"Terms & conditions\")\n- [Privacy policy](https:\/\/finbold.com\/privacy-policy\/ \"Privacy policy\")\n- [Acceptable use policy](https:\/\/finbold.com\/acceptable-use-policy\/ \"Acceptable use policy\")\n- [Cookies policy](https:\/\/finbold.com\/cookies-policy\/ \"Cookies policy\")\n- [Disclaimer](https:\/\/finbold.com\/disclaimer\/ \"Disclaimer\")\n- [Crypto Investment Risks](https:\/\/finbold.com\/crypto-investment-risks\/ \"Crypto Investment Risks\")\n\n#### IMPORTANT NOTICE\nFinbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.\n\nRISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. ([Click here to learn more](https:\/\/finbold.com\/crypto-investment-risks\/) about cryptocurrency risks.)\n\nBy accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. [Click here to learn more](https:\/\/finbold.com\/disclaimer\/).","attrs_readable_markdown":"![Expect a ‘nasty’ economic collapse similar to 2008, warns trading veteran](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/03\/Expect-a-%E2%80%98nasty-economic-collapse-similar-to-2008-warns-trading-veteran.jpg)\n\n[![Paul L.](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2022\/09\/Paul-Finbold-150x150.jpg)](https:\/\/finbold.com\/author\/paul\/)\n\nTrading veteran Todd Horwitz is warning that the United States economy could be heading toward a severe downturn reminiscent of the [2008 financial crisis](https:\/\/finbold.com\/guide\/the-great-recession-explained\/#:~:text=The%20chief%20culprit%20in%20the,regulation%20in%20the%20banking%20industry.) as economic pressures build beneath seemingly stable financial markets.\n\nHis concerns come as recent data showed the U.S. economy expanding at a much slower pace than expected, he [said](https:\/\/www.youtube.com\/watch?v=cz-fTaQfKVU) in an interview with David Lin published on March 13.\n\nNotably, gross domestic product grew at an annualized rate of just 0.7% in the fourth quarter, sharply lower than the earlier estimate of 1.4% and well below market expectations.\n\nDespite the weak reading, markets barely reacted. To this end, Horwitz said this reflects how modern markets function, with large institutions closely tracking the indicators behind data such as GDP and jobs figures, meaning much of the information is already priced in before the official release.\n\nWhile markets may appear stable, the trader argued that the broader economic reality is far more troubling, especially for most Americans.\n\n## Rising household financial pressure\nHe said household [financial](https:\/\/finbold.com\/guides\/finance\/) pressure is rising as debt continues to grow, with many consumers increasingly relying on credit and deferred-payment financing to sustain spending.\n\nAt the same time, mortgage delinquencies remain a concern, and borrowing costs have stayed elevated. Horwitz also pointed to signs of overbuilding in several sectors of the economy, which could exacerbate financial stress if conditions deteriorate.\n\nHe further warned that the [banking](https:\/\/finbold.com\/guides\/banking\/) system may be vulnerable due to excessive leverage, a dynamic that historically amplifies financial shocks during downturns.\n\n> “I expect a pretty nasty collapse once again. I expect something similar to 2008. I think the banks are overleveraged. I think the Federal Reserve is worthless. Their rate cut cycle, if you go back and look, they cut rates five times in the last two years,” Horwitz stated.\n\nHe also pointed out that yields on benchmark 10-year Treasury notes have climbed roughly 200 basis points over the same period, limiting the intended relief for consumers and borrowers.\n\nBeyond financial conditions, structural shifts in the labor market could deepen economic strains. The growing adoption of [artificial intelligence](https:\/\/finbold.com\/guide\/how-to-invest-in-ai-stocks-in-canada\/) is increasingly replacing high-paying management and professional roles, jobs that may not easily return once automated.\n\nTaken together, Horwitz believes the combination of these factors could culminate in a sharp economic downturn comparable to the 2008 financial crisis.\n\n***Featured image via Shutterstock***\n\nBest Crypto Exchange for Intermediate Traders and Investors\n\n- Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.\n- 0% commission on stocks - buy in bulk or just a fraction from as little as \\$10. Other fees apply. For more information, visit etoro.com\/trading\/fees.\n- Copy top-performing traders in real time, automatically.\n- eToro USA is registered with FINRA for securities trading.\n\n[![logo](https:\/\/finbold.com\/build\/assets\/etoro-logo-DkSeNgDu.webp)](https:\/\/visit.finbold.com\/etoro)\n\n30+ million Users worldwide\n\neToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. [Take 2 mins to learn more](https:\/\/visit.finbold.com\/etoro-learn-more).\n\n![Finbold Career](https:\/\/finbold.com\/build\/assets\/career-ad-image-fKS52RSs.webp)\n\n### Join Finbold's newsroom, become a crypto reporter today\\!\nApply now to join Finbold as a crypto\/finance news writer\\!\n\n[Open Positions](https:\/\/finbold.com\/careers)\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/Analyst-maps-XRPs-%E2%80%98huge-rally-path-to-8.5--150x150.jpg)](https:\/\/finbold.com\/analyst-maps-xrps-huge-rally-path-to-8-5\/?related=1 \"Analyst maps XRP’s ‘huge’ rally path to $8.5\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/If-you-invested-100-in-INTC-stock-when-Intel-last-paid-dividends-heres-your-return-now--150x150.jpg)](https:\/\/finbold.com\/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now\/?related=1 \"If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/Justin-Sun-blasts-Trump-backed-WLF-as-%E2%80%98personal-ATM-scheme-after-75M-loan--150x150.jpg)](https:\/\/finbold.com\/justin-sun-blasts-trump-backed-wlf-as-personal-atm-scheme-after-75m-loan\/?related=1 \"Justin Sun blasts Trump-backed WLF as ‘personal ATM’ scheme after $75M loan\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/AI-sets-odds-of-XRP-reclaiming-3-in-Q2-2026--150x150.jpg)](https:\/\/finbold.com\/ai-sets-odds-of-xrp-reclaiming-3-in-q2-2026\/?related=1 \"AI sets odds of XRP reclaiming $3 in Q2 2026 \")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/If-you-invested-100-in-INTC-stock-when-Intel-last-paid-dividends-heres-your-return-now--150x150.jpg)](https:\/\/finbold.com\/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now\/?related=1 \"If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/AI-predicts-Sandisk-stock-for-2026-after-Nasdaq-100-addition-150x150.jpg)](https:\/\/finbold.com\/ai-predicts-sandisk-stock-price-for-end-of-2026-after-nasdaq-100-addition\/?related=1 \"AI predicts Sandisk stock price for end of 2026 after Nasdaq 100 addition\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/Wall-Street-analysts-predict-Tesla-stock-price-for-the-next-12-months--150x150.jpg)](https:\/\/finbold.com\/wall-street-analysts-predict-tesla-stock-price-for-the-next-12-months\/?related=1 \"Wall Street analysts predict Tesla stock price for the next 12 months\")\n\n[![](https:\/\/finbold.com\/cdn-cgi\/image\/format=auto,quality=85\/https:\/\/assets.finbold.com\/uploads\/2026\/04\/Crypto-markets-predict-Palantir-PLTR-stock-price-for-April-30-2026-150x150.jpg)](https:\/\/finbold.com\/crypto-markets-predict-palantir-pltr-stock-price-for-april-30-2026\/?related=1 \"Crypto markets predict Palantir (PLTR) stock price for April 30, 2026\")","meta_canonical":null}

3. Robots.txt Check

Query:

Response:

4. Spam/Ban Check

Query:

Response:

5. Seen Status Check

ℹ️ Skipped - page is already crawled

📄

INDEXABLE

✅

CRAWLED

1 day ago

🤖

ROBOTS ALLOWED

Page Info Filters

Filter	Status	Condition	Details
HTTP status	PASS	`download_http_code = 200`	HTTP 200
Age cutoff	PASS	`download_stamp > now() - 6 MONTH`	0.1 months ago
History drop	PASS	`isNull(history_drop_reason)`	No drop reason
Spam/ban	PASS	`fh_dont_index != 1 AND ml_spam_score = 0`	ml_spam_score=0
Canonical	PASS	`meta_canonical IS NULL OR = '' OR = src_unparsed`	Not set

Page Details

Property	Value
URL	https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran/
Last Crawled	2026-04-13 03:06:38 (1 day ago)
First Indexed	2026-03-14 13:32:14 (1 month ago)
HTTP Status Code	200
Meta Title	Expect a ‘nasty’ economic collapse similar to 2008, warns trading veteran
Meta Description	A trading veteran has warned that the U.S. economy could be heading toward a severe downturn reminiscent of the 2008 financial crisis.
Meta Canonical	null
Boilerpipe Text	Trading veteran Todd Horwitz is warning that the United States economy could be heading toward a severe downturn reminiscent of the 2008 financial crisis as economic pressures build beneath seemingly stable financial markets. His concerns come as recent data showed the U.S. economy expanding at a much slower pace than expected, he said in an interview with David Lin published on March 13. Notably, gross domestic product grew at an annualized rate of just 0.7% in the fourth quarter, sharply lower than the earlier estimate of 1.4% and well below market expectations. Despite the weak reading, markets barely reacted. To this end, Horwitz said this reflects how modern markets function, with large institutions closely tracking the indicators behind data such as GDP and jobs figures, meaning much of the information is already priced in before the official release. While markets may appear stable, the trader argued that the broader economic reality is far more troubling, especially for most Americans. Rising household financial pressure He said household financial pressure is rising as debt continues to grow, with many consumers increasingly relying on credit and deferred-payment financing to sustain spending. At the same time, mortgage delinquencies remain a concern, and borrowing costs have stayed elevated. Horwitz also pointed to signs of overbuilding in several sectors of the economy, which could exacerbate financial stress if conditions deteriorate. He further warned that the banking system may be vulnerable due to excessive leverage, a dynamic that historically amplifies financial shocks during downturns. “I expect a pretty nasty collapse once again. I expect something similar to 2008. I think the banks are overleveraged. I think the Federal Reserve is worthless. Their rate cut cycle, if you go back and look, they cut rates five times in the last two years,” Horwitz stated. He also pointed out that yields on benchmark 10-year Treasury notes have climbed roughly 200 basis points over the same period, limiting the intended relief for consumers and borrowers. Beyond financial conditions, structural shifts in the labor market could deepen economic strains. The growing adoption of artificial intelligence is increasingly replacing high-paying management and professional roles, jobs that may not easily return once automated. Taken together, Horwitz believes the combination of these factors could culminate in a sharp economic downturn comparable to the 2008 financial crisis. Featured image via Shutterstock Best Crypto Exchange for Intermediate Traders and Investors Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals. 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees. Copy top-performing traders in real time, automatically. eToro USA is registered with FINRA for securities trading. 30+ million Users worldwide eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more . Join Finbold's newsroom, become a crypto reporter today! Apply now to join Finbold as a crypto/finance news writer! Open Positions
Markdown	[Skip to content](https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran/#main) [![Finbold Logo](https://finbold.com/build/assets/finbold-BRLIgD1f.svg) ![Finbold Logo](https://finbold.com/build/assets/logo-white-Co618pGo.svg)](https://finbold.com/ "Finbold") News [Finance news](https://finbold.com/category/finance-news/) [Crypto news](https://finbold.com/category/cryptocurrency-news/) [Stock news](https://finbold.com/category/stocks-news/) [Technology news](https://finbold.com/category/technology-news/) [Startup news](https://finbold.com/category/startups-news/) [Regulation news](https://finbold.com/category/regulations-news/) [Banking news](https://finbold.com/category/banking-news/) [Press Releases](https://finbold.com/category/press-releases/) [Interviews](https://finbold.com/category/interviews/) [Sponsored](https://finbold.com/category/sponsored/) [Leader Insights](https://finbold.com/category/opinions/) Markets [Stocks](https://finbold.com/stocks/) [Cryptocurrencies](https://finbold.com/cryptocurrencies/) [ETFs](https://finbold.com/etfs/) Learn [Crypto Exchanges](https://finbold.com/reviews/crypto-exchanges/) [DeFi Projects](https://finbold.com/reviews/defi-projects/) [Stock Brokers](https://finbold.com/reviews/stock-brokers/) [Trading Bots](https://finbold.com/reviews/trading-bots/) [Investing](https://finbold.com/guides/investing/) [Finance](https://finbold.com/guides/finance/) [Cryptocurrency](https://finbold.com/guides/cryptocurrency/) [Technology](https://finbold.com/guides/technology/) [Banking](https://finbold.com/guides/banking/) All Markets News Reviews Guides No results found Search ⌘K Sign In Sign Up All Markets News Reviews Guides No results found To keep going please Log in. or To keep going please Log in. or To keep going please Log in. or To keep going please Log in. or # Expect a ‘nasty’ economic collapse similar to 2008, warns trading veteran ![Expect a ‘nasty’ economic collapse similar to 2008, warns trading veteran](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/03/Expect-a-%E2%80%98nasty-economic-collapse-similar-to-2008-warns-trading-veteran.jpg) [![Paul L.](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2022/09/Paul-Finbold-150x150.jpg)](https://finbold.com/author/paul/) [Paul L.](https://finbold.com/author/paul/) [Finance](https://finbold.com/category/finance-news/) Mar 14, 2026 Share Trading veteran Todd Horwitz is warning that the United States economy could be heading toward a severe downturn reminiscent of the [2008 financial crisis](https://finbold.com/guide/the-great-recession-explained/#:~:text=The%20chief%20culprit%20in%20the,regulation%20in%20the%20banking%20industry.) as economic pressures build beneath seemingly stable financial markets. His concerns come as recent data showed the U.S. economy expanding at a much slower pace than expected, he [said](https://www.youtube.com/watch?v=cz-fTaQfKVU) in an interview with David Lin published on March 13. Notably, gross domestic product grew at an annualized rate of just 0.7% in the fourth quarter, sharply lower than the earlier estimate of 1.4% and well below market expectations. Despite the weak reading, markets barely reacted. To this end, Horwitz said this reflects how modern markets function, with large institutions closely tracking the indicators behind data such as GDP and jobs figures, meaning much of the information is already priced in before the official release. While markets may appear stable, the trader argued that the broader economic reality is far more troubling, especially for most Americans. ## Rising household financial pressure He said household [financial](https://finbold.com/guides/finance/) pressure is rising as debt continues to grow, with many consumers increasingly relying on credit and deferred-payment financing to sustain spending. At the same time, mortgage delinquencies remain a concern, and borrowing costs have stayed elevated. Horwitz also pointed to signs of overbuilding in several sectors of the economy, which could exacerbate financial stress if conditions deteriorate. [![Not Trading, Not Staking: The New Crypto Strategy Generating Up to 24% APY](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/featured-image-265442-1024x574.png) Not Trading, Not Staking: The New Crypto Strategy Generating Up to 24% APY Crypto investors continue to look for consistent ways to earn returns without relying on unpredictable market cycles. Traditional strategies often … Continue reading Featured Press Release Apr 9, 2026](https://finbold.com/not-trading-not-staking-the-new-crypto-strategy-generating-up-to-24-apy/) He further warned that the [banking](https://finbold.com/guides/banking/) system may be vulnerable due to excessive leverage, a dynamic that historically amplifies financial shocks during downturns. > “I expect a pretty nasty collapse once again. I expect something similar to 2008. I think the banks are overleveraged. I think the Federal Reserve is worthless. Their rate cut cycle, if you go back and look, they cut rates five times in the last two years,” Horwitz stated. He also pointed out that yields on benchmark 10-year Treasury notes have climbed roughly 200 basis points over the same period, limiting the intended relief for consumers and borrowers. Beyond financial conditions, structural shifts in the labor market could deepen economic strains. The growing adoption of [artificial intelligence](https://finbold.com/guide/how-to-invest-in-ai-stocks-in-canada/) is increasingly replacing high-paying management and professional roles, jobs that may not easily return once automated. Taken together, Horwitz believes the combination of these factors could culminate in a sharp economic downturn comparable to the 2008 financial crisis. *Featured image via Shutterstock* Share Best Crypto Exchange for Intermediate Traders and Investors - Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals. - 0% commission on stocks - buy in bulk or just a fraction from as little as \$10. Other fees apply. For more information, visit etoro.com/trading/fees. - Copy top-performing traders in real time, automatically. - eToro USA is registered with FINRA for securities trading. [![logo](https://finbold.com/build/assets/etoro-logo-DkSeNgDu.webp)](https://visit.finbold.com/etoro) 30+ million Users worldwide [Get Started](https://visit.finbold.com/etoro) eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. [Take 2 mins to learn more](https://visit.finbold.com/etoro-learn-more). ![Finbold Career](https://finbold.com/build/assets/career-ad-image-fKS52RSs.webp) ### Join Finbold's newsroom, become a crypto reporter today\! Apply now to join Finbold as a crypto/finance news writer\! [Open Positions](https://finbold.com/careers) ### Latest posts [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/Analyst-maps-XRPs-%E2%80%98huge-rally-path-to-8.5--150x150.jpg)](https://finbold.com/analyst-maps-xrps-huge-rally-path-to-8-5/?related=1 "Analyst maps XRP’s ‘huge’ rally path to $8.5") [Finance](https://finbold.com/category/finance-news/) ### [Analyst maps XRP’s ‘huge’ rally path to \$8.5](https://finbold.com/analyst-maps-xrps-huge-rally-path-to-8-5/?related=1 "Analyst maps XRP’s ‘huge’ rally path to $8.5") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/If-you-invested-100-in-INTC-stock-when-Intel-last-paid-dividends-heres-your-return-now--150x150.jpg)](https://finbold.com/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now/?related=1 "If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now") [Stocks](https://finbold.com/category/stocks-news/) ### [If you invested \$100 in INTC stock when Intel last paid dividends, here’s your return now](https://finbold.com/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now/?related=1 "If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/Justin-Sun-blasts-Trump-backed-WLF-as-%E2%80%98personal-ATM-scheme-after-75M-loan--150x150.jpg)](https://finbold.com/justin-sun-blasts-trump-backed-wlf-as-personal-atm-scheme-after-75m-loan/?related=1 "Justin Sun blasts Trump-backed WLF as ‘personal ATM’ scheme after $75M loan") [Cryptocurrency](https://finbold.com/category/cryptocurrency-news/) ### [Justin Sun blasts Trump-backed WLF as ‘personal ATM’ scheme after \$75M loan](https://finbold.com/justin-sun-blasts-trump-backed-wlf-as-personal-atm-scheme-after-75m-loan/?related=1 "Justin Sun blasts Trump-backed WLF as ‘personal ATM’ scheme after $75M loan") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/AI-sets-odds-of-XRP-reclaiming-3-in-Q2-2026--150x150.jpg)](https://finbold.com/ai-sets-odds-of-xrp-reclaiming-3-in-q2-2026/?related=1 "AI sets odds of XRP reclaiming $3 in Q2 2026 ") [Cryptocurrency](https://finbold.com/category/cryptocurrency-news/) ### [AI sets odds of XRP reclaiming \$3 in Q2 2026](https://finbold.com/ai-sets-odds-of-xrp-reclaiming-3-in-q2-2026/?related=1 "AI sets odds of XRP reclaiming $3 in Q2 2026 ") ### Finance Digest ### Related posts [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/If-you-invested-100-in-INTC-stock-when-Intel-last-paid-dividends-heres-your-return-now--150x150.jpg)](https://finbold.com/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now/?related=1 "If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now") [Stocks](https://finbold.com/category/stocks-news/) ### [If you invested \$100 in INTC stock when Intel last paid dividends, here’s your return now](https://finbold.com/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now/?related=1 "If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/AI-predicts-Sandisk-stock-for-2026-after-Nasdaq-100-addition-150x150.jpg)](https://finbold.com/ai-predicts-sandisk-stock-price-for-end-of-2026-after-nasdaq-100-addition/?related=1 "AI predicts Sandisk stock price for end of 2026 after Nasdaq 100 addition") [Stocks](https://finbold.com/category/stocks-news/) ### [AI predicts Sandisk stock price for end of 2026 after Nasdaq 100 addition](https://finbold.com/ai-predicts-sandisk-stock-price-for-end-of-2026-after-nasdaq-100-addition/?related=1 "AI predicts Sandisk stock price for end of 2026 after Nasdaq 100 addition") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/Wall-Street-analysts-predict-Tesla-stock-price-for-the-next-12-months--150x150.jpg)](https://finbold.com/wall-street-analysts-predict-tesla-stock-price-for-the-next-12-months/?related=1 "Wall Street analysts predict Tesla stock price for the next 12 months") [Stocks](https://finbold.com/category/stocks-news/) ### [Wall Street analysts predict Tesla stock price for the next 12 months](https://finbold.com/wall-street-analysts-predict-tesla-stock-price-for-the-next-12-months/?related=1 "Wall Street analysts predict Tesla stock price for the next 12 months") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/Crypto-markets-predict-Palantir-PLTR-stock-price-for-April-30-2026-150x150.jpg)](https://finbold.com/crypto-markets-predict-palantir-pltr-stock-price-for-april-30-2026/?related=1 "Crypto markets predict Palantir (PLTR) stock price for April 30, 2026") [Stocks](https://finbold.com/category/stocks-news/) ### [Crypto markets predict Palantir (PLTR) stock price for April 30, 2026](https://finbold.com/crypto-markets-predict-palantir-pltr-stock-price-for-april-30-2026/?related=1 "Crypto markets predict Palantir (PLTR) stock price for April 30, 2026") [![Paul](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2022/09/Paul-Finbold-150x150.jpg)](https://finbold.com/author/paul/) [Paul](https://finbold.com/author/paul/) [Finance](https://finbold.com/category/finance-news/) Mar 14, 2026 Share ![Close](https://finbold.com/build/assets/times-C27S_ZC8.svg) #### Share on social media [![X](https://finbold.com/build/assets/twitter-BZi-sCXk.svg)](https://twitter.com/intent/tweet?text=&url=https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran "Share on X") [![Twitter](https://finbold.com/build/assets/facebook-CWoNDVd-.svg)](https://www.facebook.com/sharer/sharer.php?u=https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran "Share on Facebook") [![Telegram](https://finbold.com/build/assets/telegram-SDteO3QO.svg)](tg:msg?text=https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran "Share on Telegram") [![Reddit](https://finbold.com/build/assets/reddit-B7UcU75F.svg)](https://www.reddit.com/submit?url=https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran "Post on Reddit") [![LinkedIn](https://finbold.com/build/assets/linked-in-gMo06QIE.svg)](https://www.linkedin.com/sharing/share-offsite/?url=https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran "Post on LinkedIn") [![WhatsApp](https://finbold.com/build/assets/whatsapp-CucAxfyi.svg)](whatsapp://send?text=https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran "Post on WhatsApp") Or copy link https://finbold.com/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran Copy Try our AI Agent Try our AI Agent ### Predict prices, create alerts and more. Try our AI Agent ### Predict prices, create alerts and more. Try our AI Agent # Finbold AI Agent ## How AI Price Predictions Work We use cutting-edge AI models to forecast future prices for stocks and crypto. Try for Free [Home](https://finbold.com/) News Search Account Menu ![Markets](https://finbold.com/build/assets/chevron-right-taCUy33o.svg) News [Finance news](https://finbold.com/category/finance-news/) [Crypto news](https://finbold.com/category/cryptocurrency-news/) [Stock news](https://finbold.com/category/stocks-news/) [Technology news](https://finbold.com/category/technology-news/) [Startup news](https://finbold.com/category/startups-news/) [Regulation news](https://finbold.com/category/regulations-news/) [Banking news](https://finbold.com/category/banking-news/) All Markets News Reviews Guides No results found ![Markets](https://finbold.com/build/assets/chevron-right-taCUy33o.svg) Account [Sign up](https://finbold.com/?signup_modal=true) [Log In](https://finbold.com/?signin_modal=true) News Markets Reviews Guides Tools Account [![Finbold logo white]()](https://finbold.com/ "Finbold homepage") Copyright © 2026 Finbold.com. All rights reserved. Use of this site constitutes acceptance of our [Terms of Service](https://finbold.com/terms-and-conditions/). #### News - [Finance](https://finbold.com/category/finance-news/ "Finance News") - [Stocks](https://finbold.com/category/stocks-news/ "Stocks News") - [Cryptocurrency](https://finbold.com/category/cryptocurrency-news/ "Cryptocurrency News") - [Banking](https://finbold.com/category/banking-news/ "Banking News") - [Technology](https://finbold.com/category//technology-news/ "Technology News") - [Startups](https://finbold.com/category/startups-news/ "Startup News") - [Cybersecurity](https://finbold.com/category/cybersecurity-news/ "Cybersecurity News") - [Regulations](https://finbold.com/category/regulations-news/ "Regulation News") #### Tools - [Stock average calculator](https://finbold.com/online-calculators-investment-tools/average-stock-price-calculator/ "Stock average calculator") - [Percentage calculator](https://finbold.com/online-calculators-investment-tools/percentage-calculator/ "Percentage calculator") #### [Services](https://finbold.com/services/) - [Trading signals](https://finbold.com/trading-signals/ "Trading signals") - [— Insider trades](https://finbold.com/trading-signals/insider-trades/ "Insider trades") - [— Senator trades](https://finbold.com/trading-signals/senator-trades/ "Senator trades") - [— Congress trades](https://finbold.com/trading-signals/congress-trades/ "Congress trades") - [Price alerts](https://finbold.com/price-alerts/ "Price alerts") - [— Stock price alerts](https://finbold.com/price-alerts/stock-price-alerts/ "Stock price alerts") - [— Crypto price alerts](https://finbold.com/price-alerts/crypto-price-alerts/ "Crypto price alerts") - [Watchlist](https://finbold.com/market-watchlist/ "Stock & crypto watchlist") #### Learn - [Guides](https://finbold.com/guides/ "Finance and crypto guides") - [Reviews](https://finbold.com/reviews/ "Finance and crypto product reviews") - [Interviews](https://finbold.com/category/interviews/ "Interviews with industry experts") - [Leader insights](https://finbold.com/category/opinions/ "Industry leader insights") #### Markets - [Stock prices](https://finbold.com/stocks/ "Stock prices") - [Crypto prices](https://finbold.com/cryptocurrencies/ "Cryptocurrency prices") - [ETF prices](https://finbold.com/etfs/ "ETF (exchange-traded fund) prices") - [Bitcoin price](https://finbold.com/cryptocurrency/bitcoin/ "Bitcoin price") - [Apple stock price](https://finbold.com/stock/apple-aapl "Apple (AAPL) stock price") - [Microsoft stock price](https://finbold.com/stock/microsoft-msft "Microsoft (MSFT) stock price") - [Nvidia stock price](https://finbold.com/stock/nvidia-stock-nvda "Nvidia (NVDA) stock price") #### Company - [About](https://finbold.com/about/ "Learn more about Finbold") - [Contact](https://finbold.com/contact/ "Reach out to Finbold team") - [Careers](https://finbold.com/careers/ "Opportunities to join Finbold team") - [Editorial guidelines](https://finbold.com/code-of-ethics/ "Finbold's editorial guidelines") - [Submit news tip](https://finbold.com/submit-news-tip/ "Submit news tip") #### Community #### Legal - [Terms & conditions](https://finbold.com/terms-and-conditions/ "Terms & conditions") - [Privacy policy](https://finbold.com/privacy-policy/ "Privacy policy") - [Acceptable use policy](https://finbold.com/acceptable-use-policy/ "Acceptable use policy") - [Cookies policy](https://finbold.com/cookies-policy/ "Cookies policy") - [Disclaimer](https://finbold.com/disclaimer/ "Disclaimer") - [Crypto Investment Risks](https://finbold.com/crypto-investment-risks/ "Crypto Investment Risks") #### IMPORTANT NOTICE Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability. RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. ([Click here to learn more](https://finbold.com/crypto-investment-risks/) about cryptocurrency risks.) By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. [Click here to learn more](https://finbold.com/disclaimer/).
Readable Markdown	![Expect a ‘nasty’ economic collapse similar to 2008, warns trading veteran](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/03/Expect-a-%E2%80%98nasty-economic-collapse-similar-to-2008-warns-trading-veteran.jpg) [![Paul L.](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2022/09/Paul-Finbold-150x150.jpg)](https://finbold.com/author/paul/) Trading veteran Todd Horwitz is warning that the United States economy could be heading toward a severe downturn reminiscent of the [2008 financial crisis](https://finbold.com/guide/the-great-recession-explained/#:~:text=The%20chief%20culprit%20in%20the,regulation%20in%20the%20banking%20industry.) as economic pressures build beneath seemingly stable financial markets. His concerns come as recent data showed the U.S. economy expanding at a much slower pace than expected, he [said](https://www.youtube.com/watch?v=cz-fTaQfKVU) in an interview with David Lin published on March 13. Notably, gross domestic product grew at an annualized rate of just 0.7% in the fourth quarter, sharply lower than the earlier estimate of 1.4% and well below market expectations. Despite the weak reading, markets barely reacted. To this end, Horwitz said this reflects how modern markets function, with large institutions closely tracking the indicators behind data such as GDP and jobs figures, meaning much of the information is already priced in before the official release. While markets may appear stable, the trader argued that the broader economic reality is far more troubling, especially for most Americans. ## Rising household financial pressure He said household [financial](https://finbold.com/guides/finance/) pressure is rising as debt continues to grow, with many consumers increasingly relying on credit and deferred-payment financing to sustain spending. At the same time, mortgage delinquencies remain a concern, and borrowing costs have stayed elevated. Horwitz also pointed to signs of overbuilding in several sectors of the economy, which could exacerbate financial stress if conditions deteriorate. He further warned that the [banking](https://finbold.com/guides/banking/) system may be vulnerable due to excessive leverage, a dynamic that historically amplifies financial shocks during downturns. > “I expect a pretty nasty collapse once again. I expect something similar to 2008. I think the banks are overleveraged. I think the Federal Reserve is worthless. Their rate cut cycle, if you go back and look, they cut rates five times in the last two years,” Horwitz stated. He also pointed out that yields on benchmark 10-year Treasury notes have climbed roughly 200 basis points over the same period, limiting the intended relief for consumers and borrowers. Beyond financial conditions, structural shifts in the labor market could deepen economic strains. The growing adoption of [artificial intelligence](https://finbold.com/guide/how-to-invest-in-ai-stocks-in-canada/) is increasingly replacing high-paying management and professional roles, jobs that may not easily return once automated. Taken together, Horwitz believes the combination of these factors could culminate in a sharp economic downturn comparable to the 2008 financial crisis. *Featured image via Shutterstock* Best Crypto Exchange for Intermediate Traders and Investors - Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals. - 0% commission on stocks - buy in bulk or just a fraction from as little as \$10. Other fees apply. For more information, visit etoro.com/trading/fees. - Copy top-performing traders in real time, automatically. - eToro USA is registered with FINRA for securities trading. [![logo](https://finbold.com/build/assets/etoro-logo-DkSeNgDu.webp)](https://visit.finbold.com/etoro) 30+ million Users worldwide eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. [Take 2 mins to learn more](https://visit.finbold.com/etoro-learn-more). ![Finbold Career](https://finbold.com/build/assets/career-ad-image-fKS52RSs.webp) ### Join Finbold's newsroom, become a crypto reporter today\! Apply now to join Finbold as a crypto/finance news writer\! [Open Positions](https://finbold.com/careers) [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/Analyst-maps-XRPs-%E2%80%98huge-rally-path-to-8.5--150x150.jpg)](https://finbold.com/analyst-maps-xrps-huge-rally-path-to-8-5/?related=1 "Analyst maps XRP’s ‘huge’ rally path to $8.5") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/If-you-invested-100-in-INTC-stock-when-Intel-last-paid-dividends-heres-your-return-now--150x150.jpg)](https://finbold.com/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now/?related=1 "If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/Justin-Sun-blasts-Trump-backed-WLF-as-%E2%80%98personal-ATM-scheme-after-75M-loan--150x150.jpg)](https://finbold.com/justin-sun-blasts-trump-backed-wlf-as-personal-atm-scheme-after-75m-loan/?related=1 "Justin Sun blasts Trump-backed WLF as ‘personal ATM’ scheme after $75M loan") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/AI-sets-odds-of-XRP-reclaiming-3-in-Q2-2026--150x150.jpg)](https://finbold.com/ai-sets-odds-of-xrp-reclaiming-3-in-q2-2026/?related=1 "AI sets odds of XRP reclaiming $3 in Q2 2026 ") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/If-you-invested-100-in-INTC-stock-when-Intel-last-paid-dividends-heres-your-return-now--150x150.jpg)](https://finbold.com/if-you-invested-100-in-intc-stock-when-intel-last-paid-dividends-heres-your-return-now/?related=1 "If you invested $100 in INTC stock when Intel last paid dividends, here’s your return now") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/AI-predicts-Sandisk-stock-for-2026-after-Nasdaq-100-addition-150x150.jpg)](https://finbold.com/ai-predicts-sandisk-stock-price-for-end-of-2026-after-nasdaq-100-addition/?related=1 "AI predicts Sandisk stock price for end of 2026 after Nasdaq 100 addition") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/Wall-Street-analysts-predict-Tesla-stock-price-for-the-next-12-months--150x150.jpg)](https://finbold.com/wall-street-analysts-predict-tesla-stock-price-for-the-next-12-months/?related=1 "Wall Street analysts predict Tesla stock price for the next 12 months") [![](https://finbold.com/cdn-cgi/image/format=auto,quality=85/https://assets.finbold.com/uploads/2026/04/Crypto-markets-predict-Palantir-PLTR-stock-price-for-April-30-2026-150x150.jpg)](https://finbold.com/crypto-markets-predict-palantir-pltr-stock-price-for-april-30-2026/?related=1 "Crypto markets predict Palantir (PLTR) stock price for April 30, 2026")
Shard	109 (laksa)
Root Hash	66360221349333909
Unparsed URL	com,finbold!/expect-a-nasty-economic-collapse-similar-to-2008-warns-trading-veteran/ s443