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The price gap between renting and buying has hit the widest point since 2000
(www.marketwatch.com)
this post was submitted on 25 Sep 2023
287 points (97.7% liked)
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Pippin: What about the Great Recession?
Aragorn: You've already had it.
Pippin: We've had one, yes. What about second Great Recession?
Merry: I don't think he knows about second Great Recession, Pip.
By my count this will be the fifth "once in a lifetime" economic crash in my lifetime.
Yay capitalism!
Yet, somehow the rich get richer, even in "once in a lifetime" economics crashes.
Especially* in "once in a lifetime" economic crashes
You know, if I was a cynic I would say that these "once in a lifetime" crashes might even be designed to wring even more money out of the working classes.
They are an economic crisis to you. To them they are clearance sales.
If you look, historically there was a big crash every ten years or so prior to the great depression. Then a whole bunch of financial reforms and regulations were put into place and we had about forty years of relative stability. And then in the 80's and 90's most of them were thrown out. And fuck me if we aren't back to a regular cadence of crashes.
Something something history doomed something...
Hmmmm... Now what was it that happened in the 80's that sparked all the de-regulation that caused the recessions? If I could just put my finger on it...
When it comes to America, almost everything wrong can be pointed to the actions of one guy between 1980 and 1988.
Roger Stone?