18 ms·

We may see it again soon

jmclnx 7mo ago
I hope not, my parents were teenagers at the time, my fathers life was terrible back then, he had to join the CCC to survive and to help out his family. He had told me working with the CCC was not a bed of roses and he saw many terrible accidents to some of the workers. But he was glad it existed. Also, back then, I believe people were on average stronger and more resilient people alive today. Having such a crash will be far worse for society then 1929.
- suzzer99 7mo ago
  Yes, nothing in recent history gives me any faith that we'll all pull together in the face of economic hardship - as opposed to letting charlatan politicians put all the blame on already marginalized scapegoats.
  - D-Coder 7mo ago
    Crashing the economy in order to put all the blame on already marginalized scapegoats may well be the point.
- readthenotes1 7mo ago
  You sound like an old curmudgeon. Give me my avocado toast and exotic coffee carefully prepared in a French press and I can supervise other people clearing trails all day long (via Zoom--we're never so desperate as to need unnecessary sun exposure). Of course, I need my rebalancing hours of yoga in the morning and afternoon and personal time to ensure work-life balance.
  - jmclnx 7mo ago
    I loved your post, it made me chuckle. But you may have misunderstood something I failed to bring across. Most people in in my generation, including me will have just as a bad time as yours should that crash occurs. The only difference is my generation will only endure it for a much shorter time than yours. FWIW, I hate everything avocado, but I will miss my bagels with cream cheese and hot chocolate with whole dairy whipped cream on top :)
- vjvjvjvjghv 7mo ago
  “ I believe people were on average stronger and more resilient people alive today” People step up very quickly once they have to face a difficult situation. A while ago I talked to Ukrainian about their war. He said some years ago he couldn’t have imagined living in a war zone but once it gets started you get used very quickly to drones flying over you, buildings in your town bring blown up, losing power for days, hiding in the basement. It very quickly becomes normality.
  - testing22321 7mo ago
    Some do, others sit down and cry until they die. Read “Deep Survival “ to get inside the heads of people going through severe hardship.
  - throw0101c 7mo ago
    > People step up very quickly once they have to face a difficult situation. You have to have people that can step up: at least in the US, I do not see evidence of that. Not in the White House, not at the SEC, not in Treasury and Commerce. The most recent cataclysmic event (GFC/2008) at least had smart people around: Bernanke happened to be in charge and he was once of the foremost experts in the Great Depression. Paulson also had notable experience before Treasury. Who do we have now?
  - tartoran 7mo ago
    People do adapt, at least the Ukrainians are tough people, their lives have never been as comfortable as westerners.
- MyHonestOpinon 7mo ago
  Today I learned about the Civilian Conservation Corps. (CCC)
- UncleOxidant 7mo ago
  More people back then knew how to survive by growing their own food, making (and mending) their own clothes, etc. Many were only a generation or two away from farm living where those kinds of skills were just part of every day existence.
- syntaxing 7mo ago
  Pardon my ignorance, but what’s CCC?
  - fragmede 7mo ago
    That's a fun one because none of three Cs listed on Wikipedia stand out to me. https://en.wikipedia.org/wiki/CCC?#Politics https://en.wikipedia.org/wiki/CCC?#Politics
    - hoppyhoppy2 7mo ago
      https://en.wikipedia.org/wiki/Civilian_Conservation_Corps https://en.wikipedia.org/wiki/Civilian_Conservation_Corps
- TurdF3rguson 7mo ago
  > Having such a crash will be far worse for society then 1929 It wouldn't be as bad. People will lose their retirement savings but they won't starve. Jobs will be lost, but it's just a matter of time before they're lost anyway to AI.
rvz 7mo ago
There you go, that is the clue. This is why I have always said every year to not have any "new years resolutions" and instead prepare for 2030. [0] [0] https://news.ycombinator.com/item?id=42563239 https://news.ycombinator.com/item?id=42563239
paulpauper 7mo ago
People say this every year
- weakened_malloc 7mo ago
  Economists have predicted 15 out of the last 5 recessions after all.

I hope not, my parents were teenagers at the time, my fathers life was terrible back then, he had to join the CCC to survive and to help out his family. He had told me working with the CCC was not a bed of roses and he saw many terrible accidents to some of the workers. But he was glad it existed. Also, back then, I believe people were on average stronger and more resilient people alive today. Having such a crash will be far worse for society then 1929.

suzzer99 7mo ago
Yes, nothing in recent history gives me any faith that we'll all pull together in the face of economic hardship - as opposed to letting charlatan politicians put all the blame on already marginalized scapegoats.
- D-Coder 7mo ago
  Crashing the economy in order to put all the blame on already marginalized scapegoats may well be the point.
readthenotes1 7mo ago
You sound like an old curmudgeon. Give me my avocado toast and exotic coffee carefully prepared in a French press and I can supervise other people clearing trails all day long (via Zoom--we're never so desperate as to need unnecessary sun exposure). Of course, I need my rebalancing hours of yoga in the morning and afternoon and personal time to ensure work-life balance.
- jmclnx 7mo ago
  I loved your post, it made me chuckle. But you may have misunderstood something I failed to bring across. Most people in in my generation, including me will have just as a bad time as yours should that crash occurs. The only difference is my generation will only endure it for a much shorter time than yours. FWIW, I hate everything avocado, but I will miss my bagels with cream cheese and hot chocolate with whole dairy whipped cream on top :)
vjvjvjvjghv 7mo ago
“ I believe people were on average stronger and more resilient people alive today” People step up very quickly once they have to face a difficult situation. A while ago I talked to Ukrainian about their war. He said some years ago he couldn’t have imagined living in a war zone but once it gets started you get used very quickly to drones flying over you, buildings in your town bring blown up, losing power for days, hiding in the basement. It very quickly becomes normality.
- testing22321 7mo ago
  Some do, others sit down and cry until they die. Read “Deep Survival “ to get inside the heads of people going through severe hardship.
- throw0101c 7mo ago
  > People step up very quickly once they have to face a difficult situation. You have to have people that can step up: at least in the US, I do not see evidence of that. Not in the White House, not at the SEC, not in Treasury and Commerce. The most recent cataclysmic event (GFC/2008) at least had smart people around: Bernanke happened to be in charge and he was once of the foremost experts in the Great Depression. Paulson also had notable experience before Treasury. Who do we have now?
- tartoran 7mo ago
  People do adapt, at least the Ukrainians are tough people, their lives have never been as comfortable as westerners.
MyHonestOpinon 7mo ago
Today I learned about the Civilian Conservation Corps. (CCC)
UncleOxidant 7mo ago
More people back then knew how to survive by growing their own food, making (and mending) their own clothes, etc. Many were only a generation or two away from farm living where those kinds of skills were just part of every day existence.
syntaxing 7mo ago
Pardon my ignorance, but what’s CCC?
- fragmede 7mo ago
  That's a fun one because none of three Cs listed on Wikipedia stand out to me. https://en.wikipedia.org/wiki/CCC?#Politics https://en.wikipedia.org/wiki/CCC?#Politics
  - hoppyhoppy2 7mo ago
    https://en.wikipedia.org/wiki/Civilian_Conservation_Corps https://en.wikipedia.org/wiki/Civilian_Conservation_Corps
TurdF3rguson 7mo ago
> Having such a crash will be far worse for society then 1929 It wouldn't be as bad. People will lose their retirement savings but they won't starve. Jobs will be lost, but it's just a matter of time before they're lost anyway to AI.

rvz 7mo ago

There you go, that is the clue. This is why I have always said every year to not have any "new years resolutions" and instead prepare for 2030. [0] [0] https://news.ycombinator.com/item?id=42563239 https://news.ycombinator.com/item?id=42563239

paulpauper 7mo ago

People say this every year

weakened_malloc 7mo ago
Economists have predicted 15 out of the last 5 recessions after all.