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Excited for my second once in a lifetime economic correction!
by georgespencer 6y ago
Excited for my second once in a lifetime economic correction!
- ChuckNorris89 6y agoOut of curiosity, why are you excited about this?
- PopeDotNinja 6y ago2009 happened.
- cjrp 6y agoThe 2008 recession was considered a "once-in-a-lifetime" event. it's ironic that we're now experiencing a second.
- leonroy 6y agoI imagine op is referring to 08-09 which was touted as the biggest economic crash since The Depression.
- chosenbreed37 6y agoMaybe they want to "buy the dip" and bet on a recovery. Or maybe they've been shorting UK Plc somehow :-)
- georgespencer 6y agoSorry, I was being facetious: my second once in a lifetime economic correction :)
- barrenko 6y agoI was born to a war, graduated to the 2008 recession, and now it's 2020. Still, excluding my parents generation, I consider myself very lucky.
- happymellon 6y agoAh ha I have another event, I graduated in 2002 right into the dot-com bubble burst, with its mass unemployment in software development. That was a hard time as a grad, competing against massive amounts of experienced professionals with a massively reduced job market then with a follow up 2008 recession and now a 2020 recession. Millennials keep getting fucked.
- georgespencer 6y agoCounterpoint I don't have a particular attachment to, but think about often: Millennials are a touchy feely hopes and dreams generation, and things were just as bad in different areas for boomers, but boomers were raised by people who had the attitude of "We're lucky to be alive!"
- joelbluminator 6y agoI think boomers had it easier economically. For example one person (usually the man) could support a whole family with one pay check back in the days (including owning a home, sending kids to college etc). That can very rarely be done nowadays. Also unions are mostly a thing of the past - so you have a whole new class of people who have very precarious existence, going from one temp job to the next (I recommend watching Guy Standing's talk 'The Precariat'). Many of our parents worked for the same company from their 20s to retirement - how many of us will be able to do that? Hell - how many of us will even work in the same profession from 20s to retirement?
- georgespencer 6y agoI think if you gave the generations born from 1914 through the late sixties / early seventies the choice between the existential threats they lived through in that period and the perceived economic hardship younger generations suffer today, they would pick economic hardship every single time. Most western countries have also had a huge rise in living standards during the same time period meaning that the conception of 'economic hardship' is very different today to the post-war depression.
- Marat_Dukhan 6y agoWhat a time to be alive!
- BerislavLopac 6y agoOnly second?