2008 Crash

[Anonymous No.56485625]

Do you remember it?

Will we have anything like that again?

Pic related

[Anonymous No.56485649]

>>56485625
Why didn't they invest in bitcoin?

[Anonymous No.56485676]

The stock market is behaving like there's another 2008 happening. I'm assuming real GDP must be negative adjusting for inflation. Employment is high but people have jobs that pay 1/3 the amount they need to actually survive.

2008 fucked up everything but maybe this time society will break completely and then heal.

[Anonymous No.56485687]

>>56485625
Yes. Same as it ever was.

[Anonymous No.56485780]

>>56485676
Why isn't the inflation-adjusted GDP used as the default measure?

Thought experiment to illustrate how dumb it is to not use inflation-adjusted GDP:
>Imagine closed system economy consisting of 2 people (Person A & Person B)
>Person A owns $1
>Person B owns an apple
>They exchange the $1 for the apple
>GDP of the room = $1

>Now imagine same scenario, except Person A owns $1million after discovering how to print more money
>Person B still owns an apple
>They exchange the $1million for the apple
>GDP of the room = $1million
Fiat economists pic related at this tremendous "growth"

[Anonymous No.56486166]

>>56485625
i remember it, nothing happened to the average person. as a matter of fact the city i lived in had massive construction projects building new shopping centers starting in 2008 near maximum "panic" unless youre a decamillionaire or higher you wont feel anything besides normies glued to social media talking about muh crash for a couple years

[Anonymous No.56486905]

>>56485625
Unironically me soon. I cant even pay 3k of debt and i work two jobs

[Anonymous No.56488227]

>>56485625
>Will we have anything like that again?
Maybe not for stocks. Bonds on the other hand are currently experiencing a 1929/2008 crash.