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I'm on like my fifth once in a generation financial crisis. At a certain point you just expect it.
by noir_lord 1y ago
I'm on like my fifth once in a generation financial crisis.
At a certain point you just expect it.
- gruez 1y agoHow are you getting 5? In recent memory, there's only 3: dotcom bubble (2000), GFC (2008), covid (2020). You'd either have to go back in time even more (eg. savings and loan crisis in the 80s/90s), or include regional ones (eg. eurozone crisis) to hit 5.
- tadfisher 1y agoMaybe they had strong exposure to Worldcom or Enron?
- lesuorac 1y agoAre you counting eurozone as 2011? I think it counts enough as American if it caused a downgrade in the USG's credit rating. [1]: https://en.wikipedia.org/wiki/August_2011_stock_markets_fall https://en.wikipedia.org/wiki/August_2011_stock_markets_fall
- adolph 1y ago. . . once in a [news media financial analyst] generation financial crisis. Its like fruit fly generations, not 20-30 year human cohort generations.
- grogenaut 1y agoIf you were 100 then you'd be right on pace. Or slightly ahead. Apparently a generation is 25-30 years. I think they should update that