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Let's say we're in a bubble and it bursts. How would it be different from The Great Recession?
by drdeadringer 9y ago
Let's say we're in a bubble and it bursts. How would it be different from The Great Recession?
- hkmurakami 9y agoOne difference is that with a industry/geography isolated crash, we are unlikely to get the kind of federal stimulus support that we saw in response to the Great Recession.
- AnimalMuppet 9y agoFrom a near-miss in my own life: A bubble that bursts may look a lot like The Great Recession. A bubble that bursts just after you move to a new city, where you don't have any professional track record? That's worse. A bubble that bursts harder in the new city than in the one you came from? I'd think hard before I signed up for that...