3 ms·
My bet was on the next recession being a trigger of significant societal change (or vice versa like a big political upset ) ... but I don't know anymore. I loo
by Infinitesimus 7y ago
My bet was on the next recession being a trigger of significant societal change (or vice versa like a big political upset ) ... but I don't know anymore.
I look around and sure, a few people are talking about recession concerns but most people don't seem to care.
Credit is cheap of course you'll finance that house at 3.5% or buy the new 40k car at 2%. Spend spend spend is how we keep things afloat in hopes that when the music stops, _we_ aren't the ones left holding the bag.
I agree that easy credit has this awesome ability to mask over deep societal problems. We spend enough to not worry that we've built a lot of things on sand that may not hold up in a bad storm and it's so strange sometimes to watch.
I'm hoping we can avoid another 2008 or something worse but the current system seems unsustainable longterm. Something has to give for as long as we expect more money in the future