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I'd say the opposite. As long as everyone remains vigilant and looking for catastrophe in every shadow we should be less likely to have another 2008 sneak up on
by purplethinking 8y ago
I'd say the opposite. As long as everyone remains vigilant and looking for catastrophe in every shadow we should be less likely to have another 2008 sneak up on us.
- rchaud 8y agoWhat makes you think you or I have any say in this? Recessions happen naturally as part of the business cycle, but are exacerbated by risky practices at major financial institutions that take on insanely leveraged bets in order to churn out a tiny profit that when summed up, becomes a huge profit. The problem is that when average people go to political representatives to push for regulation of the markets, they are drowned out by corporate lobbyists who fill reps' pockets and fill the airwaves talking about and "class envy" and "socialist takeover".
- cylinder 8y agoNaturally? Is it a law of physics? Where did this idea of recessions being required come from? Business cycle is a reflection of human psychology. It's possible for that to change.
- zanny 8y agoThere was plenty of forecasted doom and gloom in 2005-2006. It was still an extreme minority, as it is now, and when the next recession comes it will blindside most people all the same. Remember how many more don't have any savings and are living paycheck to paycheck today than before 08.