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> People seem to obsess over are we in a bubble I think this is going to be common for a generation or so. The 2008 crash was penalty the first total crash of
by sircastor 5y ago
> People seem to obsess over are we in a bubble
I think this is going to be common for a generation or so. The 2008 crash was penalty the first total crash of the internet age. The previous big crash, the dot-com bubble, was big news, but not tied to everything yet. It took out a lot of tech-sector stuff while main-street people said “told you so…”
2008 was a crash where no one was safe. Everyone said housing was a bubble that couldn’t pop - home prices don’t drop. It’s a generational event that left people (economically) traumatized.