letting the days go by~
Remember the 80s recession? GenX remembers.
This cycle of republicans wrecking the world, then democrats quietly, meekly fixing the mess after like a battered wife, it goes way back.
Sounds so banal.
That was a bit before my time but i remember some people saying the 2002 crash was in part an extension of the 80s recession as the 90s boom was partially due to the tech boom.
You’re right — the early 80’s ugh. 15% inflation with a gas crisis. 10-15 year panics were the norm in the 1800’s too
Mortgage rates skyrocketed, people lost their homes.
Those sucked.
Devestated my childhood
4th "once in a lifetime" crash, SO FAR...
more like
Like two three years ago when they told us there might be a nuclear escalation.
Millennials: eh shrug maybe not
You should expect about one recession every 5-10 years.
They are all "once in a lifetime" in their own way if you want to sell news headlines.
The covid one is really the only one that really stands out as being a unique naturally caused crash, but what makes it most unique isn't the market stuff at all.
This one has been just waiting to happen for a while, but this one being intentionally caused is fairly unique, I guess.
The size of the dotcom + great recession combined is fairly unique, making immediately before the dotcom bust one of the worst times you could have retired in the US since at least the great depression. But that doesn't affect millennials directly and it's the affect of two back to make crashes.
Meanwhile, genx:
Yeah kinda. We've gone through everything that the Millennials have plus some.
In my years, I've lost a home, two cars, four careers, buried 5 close family members including parents and a sibling. Been an alcoholic, recovered. Had severe depression. Recovered. Had Nearly lost my partner to illness and helped her learn to walk and eat again. Been so broke a few times that I was stealing water from construction sites so we could flush our toilet. Laid to rest a dozen beloved pets. Said goodbye more times than hello.
I'm back on my feet, starting over. Again. A little wiser, a little more battered and scarred up, a lot more tired. Missing a few teeth and all my hair, but still going.
The world right now is a massive mess, don't get me wrong. We're in real trouble. But at this point I don't think anything short of an actual band of raiders with halberds chasing me down through the woods is going to end this ride for me. At this rate, might happen.
You got to buy houses at a reasonable price and had proper student unions, don't @ me.
I'm sure you think that's true.
Throw gen z in there. We start at 1997
We are in the "hard times create hard men" part of the cycle.
Hard non-binary persons, mind you!
And if they wear furry suits it’s because they’re harder! Wait…
Interestingly, in the era of this expression, “hard man” often had a somewhat negative connotation like “calloused,” which I gather is generally not the meaning intended by those who use it today.
I’m gonna get fired for being room temperature one day.
I wonder if it was intentional in the original…
ITS ENOUGH SLICES
I contemplate the moment in the market, the idea of allowing your own crucifixion.
I expect more to come before this term is over
