Recessions come and go but it's good to remember that historically not all recessions are like great recessions in 2007/2008. Normal recessions can happen and

Recessions come and go but it's good to remember that historically not all recessions are like great recessions in 2007/2008. Normal recessions can happen and if there is no systemic risk such as with mortgages in 2008 then the impact is not so catastrophic. Unemployment will go up, GDP will probably slip into negative number for 2-3 quarters, companies stop hiring / fire some people, government probably reacts with some fiscal stimulus. But it might be that a normal recession like that won't affect most people here working in Silicon Valley at all as those jobs probably won't disappear and companies like Google/Facebook will not be affected by recession too much.