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If you discount the recession due to the pandemic this is the longest we've gone without a major bust for 100 years... maybe the economy is fundamentally differ
by micromacrofoot 5y ago
If you discount the recession due to the pandemic this is the longest we've gone without a major bust for 100 years... maybe the economy is fundamentally different now?
https://fred.stlouisfed.org/series/GDPC1 https://fred.stlouisfed.org/series/GDPC1 (shaded areas are recessions)
Though people (including experts) have been speculating about the next bubble burst for 10 years now so ¯\_(ツ)_/¯
I'm a layman, so I just occasionally worry about it. It seems no one really knows.
- throwawaygh 5y ago> If you discount the recession... Well, yeah. If you discount the GFC and the dotcom bubble it's the longest we've gone without a major bust in even more than 100 years...
- micromacrofoot 5y agoHah yeah I get it but I’m not sure the pandemic is a “normal” recession? but yes i’m dumb, I’ve already covered this