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.

👉 2008 was a collapse related to money, a lot of money, a sudden domino effect that made big companies unable to react in time.
👉 Suddenly, no one was prepared (except for some companies who knew in advance and bought insurance for the risk they issued -> greedy and ate both ends).