3 ms·

Let the Great Depression of 2019 begin! Caused by an overvalued stock marked compared to the underlying economy.

• JMTQp8lwXL 7y ago
  Not that you're suggesting this, but I fail to see how a stock market correction could improve things for the common worker. I think some people cheer on the idea to buy stocks at a discount -- that ignores quite a bit of pain caused to people. There's real, tangible consequences. Workers lose jobs. Most don't, but some do. In fact, the '08 crisis helped the investment class scoop up working class wealth at bargain real estate prices, when people couldn't hold on.
  • andrekandre 7y ago
    not only do workers loose jobs, but people turn to hard drugs, families break up, kids grow up with out a stable family, generational wealth declines, social mobility is hurt... for millions of people. then you get the “populist” politicians with “easy answers” like blame the immigrants etc and more political instability... economic downturns are looked at like they are just numbers on a chart, but they have real visceral and sociological results for millions of people and can be felt for a generation or more