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Right, so my question is why did those enormous unemployment surges happen without the same kind of tariffs that Trump has? They certainly aren't a necessary tr
by stinkbeetle 8mo ago
Right, so my question is why did those enormous unemployment surges happen without the same kind of tariffs that Trump has? They certainly aren't a necessary trigger, could they even cause a major contribution?
I think the true answer is that nobody really knows what pieces are in play let alone how they all interact -- very few economists predicted the housing crash. So when you see lists of things like this, who knows? It looks like throwing spaghetti at a wall to see what sticks.
- fuzzfactor 8mo agoI thought it was pretty obvious there was going to be a housing crash myself, there were actually quite a few very high rollers who agreed once we had discussed it a bit. Made plans with my elderly father to sell their resort home ASAP, it was the peak. A year later it was only worth half. Fortunately, I'm no economist ;)
- stinkbeetle 8mo agoYes it's interesting how obvious many of these things were obvious to people when you ask them to recount the details after the fact :)
- fuzzfactor 8mo agoNo doubt about that, "after the fact" is how all recessions have been officially recognized. It's always a crap-shoot, I just got lucky ;) Due to familiar "feelings" bubbling up from the massive shock so long ago.