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So my understanding of GFC is 2008 unemployment situation was caused by collapse of corporate debt (due to banks being caught in subprime loan crisis with their

So my understanding of GFC is 2008 unemployment situation was caused by collapse of corporate debt (due to banks being caught in subprime loan crisis with their pants down) which in turn fed further banking collapse so we had a negative feedback loop. I don’t see a cycle like that today

mywittyname 4y ago
Recessions never look like the one before it, because that's what everyone expects to happen and plans for. This one is already quite odd in a number of ways (i.e., low unemployment), so there's good reason to expect several other aspects of it to not follow conventional wisdom. My personal opinion is that this will be seen as an indefinite recession, in that we will look back and see that it was comprised of the cause and effect of many smaller "recessionary events" rather than one defining event.
- lamontcg 4y ago
  > because that's what everyone expects to happen and plans for. generals are always fighting the last war.
- dilyevsky 4y ago
  Many “recessionary events” over like 5 years in between bull runs is neither an actual recession nor a model that has any practical use whatsoever