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> Also, we're talking a once in a 100+ year event. The 2008 financial crisis was also a once in a 100+ year event. So was the 2020 Covid-19 pandemic. And the
by ChuckNorris89 5y ago
> Also, we're talking a once in a 100+ year event.
The 2008 financial crisis was also a once in a 100+ year event.
So was the 2020 Covid-19 pandemic.
And the 2022 Russo - Ukrainian war.
And now I wonder what "once in 100+ year event" we'll have next year.
- jdminhbg 5y ago> And the 2022 Russo - Ukrainian war. That is absolutely not a once per century event. WWII was 80 years ago.
- slg 5y agoIt isn't even the first Russian invasion of Ukraine in the last decade.
- paulpauper 5y agoyeah , foreign conflicts are not uncommon, the market historically does fine
- paulpauper 5y agothe market recovered within a year after covid began. 2008 was closest to 1929.
- ChuckNorris89 5y ago>the market recovered within a year after covid began. The market only "recovered" because the government intervened and infinite money got printed and poured onto it. Otherwise it would have crashed. The greatest wealth transfer in history is not "the free market recovered" but a rigged game.
- astrange 5y agoPoverty in the US went down in 2020. CARES act wasn't a "wealth transfer", but you can claim rich people made all the money if you quote stock market gains starting at the bottom of the crash in March. What actually happened is Gates and Bezos lost half their wealth, but everyone's still complaining! Just get all the other rich guys to get divorced.
- vharuck 5y ago"Scientists have calculated that the chances of something so patently absurd actually existing are millions to one. But magicians have calculated that million-to-one chances crop up nine times out of ten." - Mort, by Terry Pratchett Which actually plays out often, birthday-paradox style.