quote:
Is this what 2008 felt like? Obviously the situation is different, but just in terms of anxiety? I'm not even heavy in the market other than my 401k, and if history is any indicator that will rebound, but the uncertainty of what will happen is making me anxious.

No

2008 was a paradigm shift/sea change stuff. This everyone sees coming and anticipates more or less what it'll look like. Also, it's occurring in the aftermath of riots, election hijinks, unprecedented pandemic reactions, etc. People are completely used to insanity at this point, what's a moderate recession when people were prevented by law from going to church a few months ago?

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Posted by Odysseus32

Member since Dec 2009

7424 posts

Posted on 5/23/22 at 10:38 am to Pettifogger

quote:
what's a moderate recession when people were prevented by law from going to church a few months ago?

I understand the logic, but a moderate recession does not know relativity in terms of the human psyche. A moderate recession in the early 2000s is the same as a moderate recession in 2022.

I do agree that we have seen insanity over the past 2 years, but I have tried to steer clear of one-off sensational headlines (both left and right), or at the very least try to stay objective about what's happening.

Personally, an economic meltdown is far more worrisome than a province in Canada losing their mind and banning churchgoers, or New Zealand locking the country down. I'm not implying the latter isn't troubling if it starts to happen here, I'm just saying that a recession can't be sensationalized if you look into the numbers. A recession is a recession and has far reaching effects at home.

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