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Comment by dalyons | Hacker News Reader

Looking worse than 2008? What are you looking at? Doesn’t seem like that at all from what I’ve seen.

2008 started in 2006 when the housing bubble started to burst. It was a slow burn through to 2008 when Lehman Brothers collapsed and revealed how bad things were. These things are always cascade failures that start slow and isolated, and no one has been able to predict each domino before it falls. It could be years before anyone can draw a line back to the stage-setting events of the next collapse.

I don't know what they're looking at, but I suspect there will be some fallout as we find out how many complicated investment vehicles were wrapped up and set on top of cryptocurrencies.

2008 everyone thought they were some sort of property wunderkind. Just using cheap loans from banks who were investing employee pension funds into complex derivatives. 2023 government put the brakes on cheap loans. Mortgages are highly regulated and aren't the money pump they used to be up to 2008. And private equity is no longer throwing money at dumpster fires hoping to turn it into unicorns. There is money to be made if you aren't completely dependent on ad revenue.

There are jobs out there, just not in the 100x P/E companies. Infrastructure, green energy, construction, and labor are still hiring like crazy.

I mean that’s not really an argument. That’s just saying “I feel like there will be a collapse because it happened before in unrelated circumstances. No I can’t tell you why it will happen “

Yeah, this honestly feels to me like a fake recession that leaders are trying to drum up in order to reel in salaries and punish their internal enemies

I'm putting my money where my big mouth is and loading up on stocks, we'll see how it goes

2023 started in 2020 when the world shut down because of a pandemic.

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