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
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