I remember being surprised during 2008 primarily by the stock market drop. I remember some folks talking about housing values drop, of course peak oil 2008 was all the rage at the time and peak oiliness interest might have been at its own peak. Someone once said that these kind of financial shakeups show up every 5-10 years for a reason, the reason being financial "innovation" is how he put it. As opposed to recognizing that some new form of thievery and game theory with other people's money came along, and then awaiting the next bailout when it goes bad.
Would seem prudent to stay out of the markets during this times I guess. And not to quit one's job.
Economic Errata
Started by FarmGirl May 02, 2023, 10:57 AM
Message path : / Society / The American economy / Economic Errata #8
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