No, you misunderstood. You see, the crisis lasts your entire generation
this post was submitted on 08 Apr 2025
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Exactly. It isn't a "once in a generation crisis" it's a "one generation" crisis. OP must have skimmed over their orientation papers and misread.
Oh it's certainly not one generation
Those darn millennials!
Such rascals.
We were born during the savings and loan crisis too. Just after the gas crisis and stagflation of the 70s.
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it's all the same crisis baybay! the entire time throughout all of history
<astronaut meme>
Wait, it's all a crisis?
Always has been.
Less jpeg
I was just thinking about this today when I was out for a run.
It's similar to how we keep getting record temperatures year on year.
I think something isn't working as intended
Nobody born after 1985 has ever experienced 'average temperatures'.
This was a news article from 2015. Since then nearly every year has set a record for being the warmest ever recorded.
We've had a decade of pumping more money into the money machine while our ecology falls apart around us.
Side rant: I fucking hate the phrase "unseasonably warm/cold".
It gives the impression of a one off aberration that will go back to normal. We haven't had a normal season in decades, maybe we should just admit we broke the seasons instead of tiptoeing around it.
its snowing in my part of canada, it snowed last night, it snowed 2 days last week. time of posting, its april
my boss said "we're kidding ourselves if we think this isnt normal"
he's been right on that for the last 2 decades almost
Meanwhile oil demand keeps growing. That's what gets me.
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The system isn't broken; it's working exactly as intended.
Weak men created hard times. Thanks, boomers.
There's no war but the class war, everything else is propaganda to distract us from the real criminals.
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It's just that easy to accept the cycle, eh?
The difference now is that this one was completely preventable. Not that it makes it any better.
So was the one in 2008...
That one was more complex. Lehman brothers didn’t publicly tell everybody that they were going to do a bad thing, then proceed to do the bad thing despite everyone telling them it’s a very bad idea, and then everything turns into shit just like everyone had predicted.
True, but then it also could've been mitigated better after shit hit the fan.
Also, if we had imprisoned everyone involved and seized all their assets Donald Trump probably doesn't win in 2016
Yeah I think you're right, a lot of average people wouldn't be as anti establishment and easily pursuaded by demogoges if they'd taken care of the general population after 2008 instead of the banks...
Well... you keep on giving the most rabidly ignorant, recklessly greedy bigoted zealots the keys to the kingdom every 4-to-8 years, what did you expect?
Then when Democrats can't fix everything quickly while under constant zealot attack and sabotage, you reward the saboteurs with the keys to the goddamned kingdom again. All while you proudly proclaim that you've got it all figured out, because you read a blog post or tweet somewhere:
bOtH pArTiEs ArE tHe SaMe LoL aMiRiTe WhY bOtHeR vOTiNg?
When Democeats refuse to fix it because they want to "play by the rules" you mean.
Or more recently, directly voted with the Republicans when the Republicans lacked a few votes.
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I dont mean to turn this into one of those arguments where fight over whether they are a millienial or gen-xer.. But I do recall recentley seeing someone in that age range, posting a message
"Born just in time to see the end of the fuck around days, and entered adulthood just in time to live the rest of my life in the find out time"
Limits to planetary growth
Hey… if it follows number pattern… the next stage in the crisis should be about ten years away… so that’s cool right?
Maybe "the 2038 problem" will be the new Y2K?!
The 2038 problem is going to be +3C global warming, ensuing wet bulb temperatures and mass starvation due to breadbasket failures. (debbie downer sound)
I don't remember a once-in-a-generation economic crisis in 2002... I remember the dotcom bust and my dad watching his retirement evaporate in 2000...
2012 (kinda continuation of 2008) is missing
🎶UH OH UH OH, EVACUATE THE TRADE FLOOR UH OH UH OH IT'S INFECTED BY THE CLOWN UH OH UH OH STOP THESE TARIFFS ARE KILLING ME HEY MR ORANGE MAN FUCK OFF AND DIE🎵
In my head set to https://music.youtube.com/watch?v=FrGiD2yompY
Also fuck the stock market anyway
Dunno about 2002 but '08-present day is 100% the same event
While the housing crisis is still everlasting (most significantly in the US, many other countries have started national housing programs) the economic one has ended in the june(?) of 2009!
Says who? Billionaire investors and regulators for a newly-elected President who saw an imaginary red line go up for two consecutive quarters? "Peace for our times." The '08 crash was (is) massive and will be the defining event of the 21st century for future historians. Literally nothing but WW3 could overshadow it's legacy.
Notice how the "timeline" section doesn't end with "and then everything went back to normal in June 2009." Tens of trillions of dollars evaporated overnight.
Wikipedia | 2008 Financial Crisis
Selections:
2011: Median household wealth fell 35% in the U.S., from $106,591 to $68,839 between 2005 and 2011.
2014: A report showed that the distribution of household incomes in the United States became more unequal during the post-2008 economic recovery, a first for the United States but in line with the trend over the last ten economic recoveries since 1949.
2017: Per the International Monetary Fund, from 2007 to 2017, "advanced" economies accounted for only 26.5% of global GDP (PPP) growth while emerging and developing economies accounted for 73.5% of global GDP (PPP) growth.
A shrinking median household incomes, racial wealth inequality, the rise of non-Western economies, do these not sound like contemporary issues to you?
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Idk how you can say it ended when the fundamental causes of the collapse were never addressed, the perpetrators were never punished, and the middle class continued to shrink. Stocks were pretty much the only thing that improved since 2008.
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Isn't it interesting that every single Republican in office during that time had 2 each?
The boom bust cycle is a feature of how we do capitalism in the US. It is related to an unsustainable growth mindset.
Also 2016, that was a big one.
Technology has sped up everything about society, for better and for worse.
The problem is that the “for worse” parts are now back to back existential crises.
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