Farcaster

✍️ Many of you are worried about how terrible the recession will be because you are still haunted by the year 2008 when big companies canceled deposits/contracts en masse,... personally, I think there will be a recession, there will be no soft landing, but I'm sure. I won't be too pessimistic about this recession because: 👉 In 2008, it was due to the insatiable greed of the financial community, banks,... the government even had policies to support the capitalists. 👉 Many people lost all their assets, everything happened so suddenly, a huge amount of money flowed into the pockets of employees and senior officials in the banking, securities, real estate,... -> benefited a lot. Most of all, pocketing the savings, pensions, etc. of the majority of people.

It's important to reflect on the lessons learned from the 2008 recession to navigate the current economic challenges. Understanding the root causes and potential impacts can help us make informed decisions and be better prepared for what lies ahead.