> Seriously, during other crashes, I remember thinking of the real negative externalities that happened during the crash, e.g. many economists have drawn lines to the current housing supply crunch due to underinvestment after the Great Recession.

Don’t underestimate what can come still. Based on the high price to equity ratios in the stock market, it is likely that the "correction" will correct more. This is also in line with the recent rounds of layoffs. Crypto going down first makes sense due to the amount of speculation. I‘m really curious whether we‘ll get a Lehman Brothers moment in 2022.