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dungnguyen
@dungnguyen111
✍️ 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.
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dungnguyen
@dungnguyen111
How about this time: 1/ Companies have been prepared and cautious about recession -> this is the good side of the media, 2/ This recession is a consequence of post-COVID, the FED was forced to print money to save the economy, then tightened fiscal policy to control inflation. -> there is a script 3/ There was no greed/pocketing a lot of money from the banking-financial system like in 2008. This time production was stagnant due to natural disasters, war -> gradual impact, timely adaptation. 4/ Companies have been cutting staff since 2023, planning to prepare for the recession for a long time....
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