this post was submitted on 21 Sep 2023
2329 points (98.0% liked)
Comic Strips
12985 readers
1595 users here now
Comic Strips is a community for those who love comic stories.
The rules are simple:
- The post can be a single image, an image gallery, or a link to a specific comic hosted on another site (the author's website, for instance).
- The comic must be a complete story.
- If it is an external link, it must be to a specific story, not to the root of the site.
- You may post comics from others or your own.
- If you are posting a comic of your own, a maximum of one per week is allowed (I know, your comics are great, but this rule helps avoid spam).
- The comic can be in any language, but if it's not in English, OP must include an English translation in the post's 'body' field (note: you don't need to select a specific language when posting a comic).
- Politeness.
- Adult content is not allowed. This community aims to be fun for people of all ages.
Web of links
- [email protected]: "I use Arch btw"
- [email protected]: memes (you don't say!)
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Oh, a lot of banking regulation introduced after 29 was rolled back in the 90s and 00s and not restored after the 2009 Crash.
I was actually in Investment Banking before, during and after the 2008 Crash and unconditional rescues with no lessons learned were all the rage.
That said, my point comes more from the economic super-cycle which takes about an century and is mostly visible in terms of general indebtness. This stuff has to do with the nature of economic activity in general and risk aversion (or lack thereof) by economic actors, so it's way beyond mere stockmarkets and their crashes (which reflect it rather than drive it).
There's a lot going on with anemic growth and the "solution" for the persistent recession after the 2008 Crash - ultra-low interest rates - being rolled back due to an accumulation of bubbles all over the Economy leading to Inflation (which was already going up before the war in Ukraine), in turn causing rumbles in the realestate mortgage market and the more bubbly stockmarkets like the Nasdaq (and even more in the Tech Startup investment asset class).
I mean, we're even seeing the rise of populism in politics.
I suspect we might be living in interesting times.