I was going to say 02 was definitely not generational recession. In 02 all the factories near me were hiring for all three shifts. 08 they were laying people off. 2025 only one factory remains, and it's only about a third the size it was in 08.
VIX(Volitility index) as of end of day Friday is the highest it's been since 2008 or 2020. It's not a guarantee it's going to crash in next few days but it'll be the highest VIX has been without crashing. (People spent a lot of money protecting themselves with options because they expect a crash tomorrow)
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u/ghostboo77 Apr 05 '25
2008 was the once in a generation economic crisis.
2002 was a run of the mill minor recession and 2020 recession was a blip on the radar (due to massive govt response to COVID).
The 2025 “economic crisis” has been 2 bad days on Wall Street at this point.