this post was submitted on 09 Apr 2025
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You should expect about one recession every 5-10 years.
They are all "once in a lifetime" in their own way if you want to sell news headlines.
The covid one is really the only one that really stands out as being a unique naturally caused crash, but what makes it most unique isn't the market stuff at all.
This one has been just waiting to happen for a while, but this one being intentionally caused is fairly unique, I guess.
The size of the dotcom + great recession combined is fairly unique, making immediately before the dotcom bust one of the worst times you could have retired in the US since at least the great depression. But that doesn't affect millennials directly and it's the affect of two back to make crashes.
Yeah, the Trump Recession (we hope not a full-blown depression) will have been uniquely caused as well. Definitely one for the history books.
You think the future will have books?
Far future will. Life on Earth tends to find a way.
homer_so_far.png
What makes you think a completely independently evolved species wouldn't make the same mistakes we did?
Fossil fuels definitely turbo-charged our technological developement. Cheap portable energy and petrochemicals. Guaranteed to be addictive. And without then, or some other comparable miracle, it would have taken us many times longer to get where we are.
We are like someone who only ever played Civ with cheats and we're going to find out soon how hard the game is without (and... because of) that magic black goo from the ground.