Gabriele SveltoWe're all wondering when this bubble will burst, but what if it already has? The flash of a distant explosion might not look like much, but only until the shockwave reaches you
HJVT@gabrielesvelto my personal crackpot economic theory is that the 2008 financial crisis never actually ended
SaftyKuma@hjvt @gabrielesvelto
That's because it really didn't for much of the working class in the US, and instead of moving away from the trickle-down scam that lead to it, our "leaders" triple-downed on it.
That's because it really didn't for much of the working class in the US, and instead of moving away from the trickle-down scam that lead to it, our "leaders" triple-downed on it.
Fluffy Kitty Cat@hjvt @gabrielesvelto the stock market recovered after a few years, but the quality of life degeneration and instability never did. I've thought the same thing for a long time
potentially hazardous object@fluffykittycat @hjvt @gabrielesvelto the people responsible for it just ended up diversifying and ending up in control of every single industry
@apophis @hjvt @gabrielesvelto and underrated thing no one talks about is how the 2008 crisis was the end of housing stability. Immediately after the crisis you couldn't get a loan for a house even though they were cheap, the banks decide to hold on to the foreclosed houses and rent them out and afterwards housing began a meteoric rise in cost
Steve Purcell@hjvt @gabrielesvelto agree, and here's an article I enjoyed that expressed a related sentiment: https://daverupert.com/2025/08/the-economy-he-died-five-years-ago/
The Economy? He died five years ago.
I hold a conspiracy theory the global economy died five years ago during Covid. It’s been on life support through stimulus checks and flash tech hype cycles ever since trying to keep the dormant heart beating. You sense it too. There’s no beating heart. There’s no thumping energy. No vein of excitement. Tech and knowledge work seems to be suffering the most.