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I lived through the 2008 meltdown. The goddamn crisis was more than real. In front of my eyes, people lost their jobs including my own colleagues. No one had money. Even those with jobs came to work fearing it was their last day. I just hope such a day never comes again. September to December 2008 and even Q1 2009 was really bad.

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Just because it will probably be worse now doesn't mean it wasn't bad then. Then I lost my house and struggled to scrape through financially. We learned from that experience and are better prepared to weather this round. It may be a blessing for many that 2008 was so recent, and this recession has trumpeted its approach for a while: maybe they've used the time to prepare.

Why would it be worse now?

It was bad on Main Street, but 2008 brought the App Store boom, so us developers, of which HN is biased towards, saw stupid money being thrown at us with everyone rushing to become the next "Fart App" millionaire. For tech, 2008 was a golden age. This time tech is the one getting hit.

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