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>The subprime mortgage crisis started in April 2007. But the job market didn't really get fucked until 2008. The job market didn't just magically "get fucked".
by ramesh31 4y ago
>The subprime mortgage crisis started in April 2007. But the job market didn't really get fucked until 2008.
The job market didn't just magically "get fucked". Companies found themselves with little cash and no access to credit. We had the biggest credit freeze since the Great Depression. The Fed is not making that mistake again, and the corporate world is absolutely loaded with cash right now.
- alexb_ 4y ago> corporate world is absolutely loaded with cash right now. ...Is it? Or is it loaded with debt masquerading as cash?
- ramesh31 4y ago>...Is it? It is: https://fred.stlouisfed.org/series/QFRTCASHINFUSNO https://fred.stlouisfed.org/series/QFRTCASHINFUSNO It started burning down this year, but corporate cash on hand is still the highest it's ever been in history.
- lamontcg 4y agoIt burned through 20% of that cash in one quarter and we're not even really in a recession yet...
- whimsicalism 4y agoDo you know what cash is?