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The 80s,90s and 2000s would like a word with you.
by supernovae 4y ago
The 80s,90s and 2000s would like a word with you.
- grey-area 4y agoThere are quite a few differences, the crypto bubble is similar to 2000 I guess. https://coinmarketcap.com/currencies/tether/ https://coinmarketcap.com/currencies/tether/ (see market cap) https://www.multpl.com/inflation-adjusted-s-p-500 https://www.multpl.com/inflation-adjusted-s-p-500 https://fred.stlouisfed.org/series/M1SL#0 https://fred.stlouisfed.org/series/M1SL#0 This won’t end well and in the current environment of high inflation the fed has no choice but to raise interest rates and companies will continue to layoff into the recession.
- supernovae 4y agoSure, there are differences... but in the 80s, i remember people burning their houses down to collect insurance money because of things like high interest rates, high inflation and the savings and loan scandal amongst following a huge energy crisis, a huge escallation in the cold war, political strife and so much more. As for the fed, they're raising interest rates to cool things off - hopefully people are investing in ibonds and just maybe savings accounts will see more than 5th of 1% again so there are some upsides. Layoffs? they're happening but unemployment still went down.