Pretty much every econ nerd I know is saying this really isn't that big of a deal.
There's been like 10 different "impending economic collapses" since 2008, r/econ has a freak out over this like every 6 months. So far, nothing has ever happened. Maybe it's different this time but I'm not losing any sleep yet.
There's been like 10 different "impending economic collapses" since 2008
It's not like there weren't plenty of opportunities, most recently when COVID got started and the feds had to give enormous amounts of free money away to keep the from imploding or the recent bank collapses
Idk, maybe it amounts to nothing or is averted somehow, we see but it's not nothing either, an enormous amount of fictitious capital just got wiped
Economy was already very shaky before COVID hit, seemed like the market was teetering when it was rapidly jumping +/-2% day to day when COVID finally took control of the narrative that everything was blamable on it. COVID made me pretty conspiratorial about that, it was a really convenient shock to allow the economy tumble and for the government to fully subsidize it.
Is it possible something could happen for the first time?
Pretty much every econ nerd I know is saying this really isn't that big of a deal.
There's been like 10 different "impending economic collapses" since 2008, r/econ has a freak out over this like every 6 months. So far, nothing has ever happened. Maybe it's different this time but I'm not losing any sleep yet.
It's not like there weren't plenty of opportunities, most recently when COVID got started and the feds had to give enormous amounts of free money away to keep the
from imploding or the recent bank collapses
Idk, maybe it amounts to nothing or is averted somehow, we see but it's not nothing either, an enormous amount of fictitious capital just got wiped
And the US still has dollar hegemony so more fictitious capital can me made.
Nothing ever happens.
Economy was already very shaky before COVID hit, seemed like the market was teetering when it was rapidly jumping +/-2% day to day when COVID finally took control of the narrative that everything was blamable on it. COVID made me pretty conspiratorial about that, it was a really convenient shock to allow the economy tumble and for the government to fully subsidize it.
deleted by creator