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> I really believe we are about to experience a financial crisis worse than anyone alive has experienced... Or maybe a few banks will get bailed out and it will
by UncleOxidant 4y ago
> I really believe we are about to experience a financial crisis worse than anyone alive has experienced...
Or maybe a few banks will get bailed out and it will be no worse than the savings and loan crisis.
I think right now it looks more like the latter (S&L crisis of the late 80s/ early 90s) than it does the Great Recession '08. Wasn't a huge impact in the economy at large from the S&L debacle. It will have an impact on tech so that this might look kind of like the tech wreck of the early aughts - again, while that impacted those of us who were in tech at the time it had little effect outside of tech. If it were to start spreading outside of tech to other sectors then I'll reconsider.