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by noir_lord 245 days ago
I'm on like my fifth once in a generation financial crisis.

At a certain point you just expect it.

3 comments

How are you getting 5? In recent memory, there's only 3: dotcom bubble (2000), GFC (2008), covid (2020). You'd either have to go back in time even more (eg. savings and loan crisis in the 80s/90s), or include regional ones (eg. eurozone crisis) to hit 5.
Are you counting eurozone as 2011? I think it counts enough as American if it caused a downgrade in the USG's credit rating.

[1]: https://en.wikipedia.org/wiki/August_2011_stock_markets_fall

Maybe they had strong exposure to Worldcom or Enron?
. . . once in a [news media financial analyst] generation financial crisis.

Its like fruit fly generations, not 20-30 year human cohort generations.

If you were 100 then you'd be right on pace. Or slightly ahead. Apparently a generation is 25-30 years. I think they should update that