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by jonahbenton
1485 days ago
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Not a finance person, just an adjacent technogist, but from having lived/worked through Black Monday, the 90s recession, the 2000 bust, the lean early oughts, and then the world ending 2008- for whatever reason this one feels like much-ado-about-nothing. If capital is not again issuing- not gushing, just issuing- in solid flows- by fall, I will be very surprised. Sure, some people were swimming in the deep water with no shorts on. But there are too many things to do, too many real opportunities, and too much real powder sitting around. We've all seen this all before, and know what happens next, and know how to get their faster. This is definitely not investment advice. |
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When I saw that CryptoLand video last year I immediately through of the E-Trade monkey superbowl commercial.
However, there is still risk that could make this current situation last longer and be more painful than I think we anticipate. If corporations start laying off workers and/or if the general public gets spooked enough to stop spending, that could actually induce a deeper recession than I think you and I are currently expecting.
No doubt there is some short-term negative news coming out this summer. The question is what the sentiment will be like come early fall. I think that's when we will know how bad this is going to be. It might be over by then. Hopefully.