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by Cthulhu_ 2269 days ago
It's ironic that the economy / stock market hasn't become more resilient since 2008, despite more measures being taken. I mean sure, it's more difficult to get a mortgage you can't pay now (speaking for myself), but there's so much more fragile stuff that has been added in the past ten years; for example, a lot more amateurs have jumped into the stock market because one, savings interest rates have plummeted to effectively zero, and two, the attraction of getting rich quick thanks to bitcoin and overvalued hip stocks like TSLA.
2 comments

From what I've read, Wall Street never recovered after 2008 since nobody trusts any counterparties. That's why the interest rate has been held at zero.

In some sense, Wall Street has been a zombie since 2008.

At that time, mortgage-backed securities were one problem. Today auto loans are supposedly pretty frothy.

The economy and the stock market are not equivalents.