3 ms·
Lots of young kids surprised by the business cycle. Recessions and downturns happen like clockwork nearly every 10 years for the past 50 years. Get used to it.
by adamsmith143 4y ago
Lots of young kids surprised by the business cycle. Recessions and downturns happen like clockwork nearly every 10 years for the past 50 years. Get used to it. It's not different this time. Save cash, dollar cost average your investments and keep living. Life goes on.
- fny 4y agoA business cycle with double digit inflation and repeat supply shocks is not normal. A business cycle at 100%+ debt to GDP is not normal. This is a generational deleveraging that'll be painful for everyone.
- jdsully 4y agoDouble digit inflation happened before. The debt to GDP is new though, it’s never been this high.
- ssnistfajen 4y agoNone of what you described is new or "not normal". Japan has been this way for nearly 3 decades and they are hanging around just fine. Sure it's not a growing behemoth but they are far from doomed.
- postalrat 4y agoI've been hearing similar things all my life. I thought previous events would be different. Maybe this time it actually will be. Who knows.
- adamsmith143 4y ago"It's different this time" they said for the 10th time. Sure be worried if 90% of your net worth is tied up in FAANG stock which everyone has known have been overvalued for 5+ years or if you work for some unprofitable unicorn then yes a reckoning is coming. There is nothing to indicate structural instability like in 2008.