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by stcroixx
1186 days ago
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Feels worse to me in scope. Subjective, of course, but the combination of inflation and interest rates seems to have a broader impact. It was easily possible to get through 2008 mostly unscathed unless you were just about to retire, but everyone's already been taking a hit for some time now and it could get worse. I have less confidence in the current admin than in 2008 as well. I 100% expect lies and corruption and for working people to get screwed the hardest. |
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Nowhere close to the hit everyone was taking from income declines across all income groups except (well, at least the bottom 95%) in the 2001-2007 “expansion” leading into the 2007 Great Recession. (And, also, the much longer period of much higher interest rates, with much higher consumer debt load, leading into the 2007-2009 Great Recession.)