It's not good to exaggerate financial ups & downs but some things can get more foolish than that when people try to minimize it or paint over it. As time goes

It's not good to exaggerate financial ups & downs but some things can get more foolish than that when people try to minimize it or paint over it. As time goes by, more people seem to need more excuses to maintain a position that there was not irreversible devastating damage to the US economy, and in tandem the dollar itself. They want to believe that things like that can never be the direct result of Presidential malfeasance which can get out of hand. If you were there at the time and had very much professional exposure to Wall Street at all, as a witness you would have observed 2008 as a non-event compared to 1973. Without much advanced math very many people saw it coming right away in 1971 before the next logical events even began to unfold. There were still plenty of people born in the 19th century who could tell you exactly how it was going to be. They were just not the majority. The stock market did end up crashing like nothing had since 1929. It was good to have advice from those with serious lived experiences to help navigate such turbulent times.