I don't remember that they said something like this during COVID, Did they say something like that in 2008, or is that an unprecedented statement? I mean they

I don't remember that they said something like this during COVID, Did they say something like that in 2008, or is that an unprecedented statement? I mean they exist since 2005, what did they say during the "Great Recession" ? (i think they called it like that, at some point...) I mean, i mean: is this one going to be worse than 2008? Fortune magazine is trying to compare our current problems with 2008. They say that it might turn out to be worse, this time, as 2008 was merely a "black swan event", the difference being that inflation is coming "for real" right now. https://fortune.com/2022/03/26/great-recession-key-differences-us-economy-inflation/ https://fortune.com/2022/03/26/great-recession-key-differenc... Also this: "By some standards, stocks are now even more overvalued than they were back then, leading some experts to argue we’re experiencing an “everything bubble.” Dan Ives told Fortune. “Tech valuations relative to growth, in particular, are much cheaper today, by about 25%, than they were going back to ‘07.” Ives argued that the financial stability of tech stalwarts, which by some estimates represent over 20% of the S&P 500, is unparalleled, noting that the Great recession was mainly a “black swan driven event.” " So they might have to come up with a new name, if this one turns out to be worse. Maybe they should go for the "Even Greater Recession", abbreviated as EGR... Also the economists don't appear to have predicted it. Well, at least US Intel was right about the war in Ukraine...