this post was submitted on 17 May 2025
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[–] NothingButBits@lemmygrad.ml 5 points 1 month ago (5 children)

The last financial crisis was nearly 20 years ago, so another one is due soon. I still think it's a bit early, and Trump will probably offset it with by lowering interest rates and (probably) printing even more money. Maybe in 2028-2030 is when we get another big crash.

[–] NuraShiny@hexbear.net 8 points 1 month ago (1 children)

We never recovered from 2008 either. The rich just got to win for 17 years, doctor the numbers and tell people the economy is doing great.

[–] NothingButBits@lemmygrad.ml 7 points 1 month ago

No, but we've gone almost 20 years without major banks going nearly bankrupt simultaneously. Also, unemployment is low across the West, housing prices keep climbing, and public and private debt are through the roof. It's starting to feel like 2008 again, but this time it will be even worse.

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