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The global economy has tanked many times. Smartphones are just the once. Your argument is that having something new you're nearly always conscious of has no imp
by cwmoore 4y ago
The global economy has tanked many times. Smartphones are just the once. Your argument is that having something new you're nearly always conscious of has no impact?
- superkuh 4y agoExactly my point. Since 2008 it's been all downhill. You may have been insulated from the impacts of the series of crises is but I can assure you it's been pretty stressful for most people.
- PKop 4y agoDo you think the growth of rates of depression and anxiety do not cut across socioeconomic groups? Doesn't it seem the rate of growth of these mental conditions outpaces any increase in poverty or economic strain? Presumably even those who "have been insulated from the impacts of the series of crises" are amongst the increase in teen mental illness. Everything isn't just economic phenomena.
- adamisom 4y agoafter all, 15 year old girls’ top concern is how the 2008 crisis hit them
- smeej 4y agoWow. This just made me realize today's 15yo girls were born in 2008.
- Apocryphon 4y agoI mean isn’t the seemingly unaffordability of U.S. housing, skyrocketing student debt, race to the bottom, etc. rooted in the inequality that has festered since 2008, which is why you see articles about how young people are burning out early or even starting to avoid college?
- superkuh 4y agoYou forget that those 15 year old girl's lives are dependent on their 40 year old parent's lives which have been drastically impacted in terms of ability to provide a "good" life for their children.
- PartiallyTyped 4y agoBecause of the housing crisis in my country that was a consequence of the 2008 crisis, my single parent household had no income and we barely didn't lose our home. My siblings and I barely had food to eat and water to have a shower. We wore hand-me-downs for years to recover. Those memories have been etched in my brain to the point that it is almost impossible for me to give up habits picked from that time and change my mindset. Even though I am doing relatively okay now w/ an engineer's salary, I can't give up the bad habits formed from then.
- overthrow 4y agoAll downhill? I remember the 2010s as an uninterrupted bull market. SPY opened the decade at $110, and closed the decade at $320. Tripling my money in 10 years, plus low inflation? Yes please!
- PartiallyTyped 4y agoYou will find that the market and greater society are related only when the market goes down. Earnings up? Nothing in the pocket of the prole. Earnings down? We need to consolidate, focus on our profiting arms, and cut our operational costs.