Re:Predicting Next Recession
by aguyfromnb on Saturday November 23, 2019 @12:03PM
(#21615066)
>Also note how few of those made any real impact on the people of the time or were noteworthy enough that the average person has heard of them.
Indeed. That's the norm with recessions. It just so happens that the last one, the one we all remember (2008) was...really bad. It will affect people's perceptions for the rest of their lives, much like the Great Depression.
I think the current finance era may come to be viewed in the same light as the fire-fighting practices of the past century. Always working to prevent the little fires leaves the forest unhealthy and sets up an eventual inferno that no one can control.