alt Hacker News> Global economy doesn't look that terrible.
It doesn't? I was born in the 90s (so admittedly 2008 was before I started working), but the economy is looking the worst it's been in my lifetime to me.
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US real GDP is racing ahead: https://fred.stlouisfed.org/series/GDPC1 . Inflation is fine, even if you don't fully believe the official numbers: https://fred.stlouisfed.org/series/FPCPITOTLZGUSA . Unemployment is increasing but below long term mean: https://fred.stlouisfed.org/series/UNRATE . Interest rates are at a reasonably business-friendly level.
This is all the USofA. Elsewhere, China is allegedly also printing GDP growth like crazy. Europe is maybe a little stagnant but also not, on the whole, awful.
At the face of it, it's at least a C+ if not better. So if you'd claim it's terrible, there's some explaining to do.
There were points in 2008 where there were bank runs.
https://www.latimes.com/archives/la-xpm-2008-jul-12-fi-indym...
https://www.theguardian.com/business/2009/oct/11/banking-cri...
Italy had to buy 3% of Parmigiano Reggiano production.
https://www.the-independent.com/news/world/europe/rome-stage...
2008/09 was the worst this xennial ever saw so I think you're as qualified as most of us.
By what metrics?
Yeah, that's one perspective :-) Objectively, the global labor market is the hottest it has been in modern history.
The economy is currently great if your income is from your investments rather than from your labor. The relative comfort and power of the capital class vs. labor class has never been farther apart in my lifetime.