I was a grad student in 2008-2009 and had barely any assets in my name. Yet, I felt gloom everywhere, which got me scared really badly. The current recession fe

I was a grad student in 2008-2009 and had barely any assets in my name. Yet, I felt gloom everywhere, which got me scared really badly. The current recession feels nothing compared to that. I want to emphasize the word "feels" here. 2008 crisis was about the liquidity in the financial markets. [As an aside, you will see tons of research in finance and economics about liquidity risk around this period.] Money was tight and investors were spooked about the financial health of all the major financial institutions. Trillion became the new billion with all the money the treasury pumped into the banks. But common man got shafted big time. All of this was very sad and scary.