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Subject Expert
Two months ago:
Juniors: more money please
Seniors: lol
Now:
Juniors: is it 2008?
Seniors: lol
Right? It’s like people forget that middle ground exists.
Coach
The economy works like that. 2007 was a huge boom year, and even in the summer of 2008 the party was still going (although the warning signs were there). Then in September Lehman failed and the music stopped. It was incredible how quickly everything turned. For what it’s worth, I think this correction is more like the early 2000s than 2008, so there will be some pain but nothing like the financial crisis.
Subject Expert
Business is slowing and there’s lots of mouths to feed now…
Peoplw need to chill, the economy is still experiencing low unemoloymemt and strong retail sales and business investment. Things are slower for corporate lawyers bc the fed isnt giving everyone free money to do LBOs with
The economy was terrible since COVID, it only looked good on paper because businesses scammed the government for PPP money to exist when they should have all failed and bored people at home blew their assistance checks and savings on meme stocks overvaluing everything else. Now we’re going back to what it should have been in the first place