alt Hacker NewsBecause we know of the '29 crash, the next one will always be different. Arguably the GFC was way worse, but way different.
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AnimalMuppet • today at 12:56 AM
How was the GFC worse? Not in unemployment rate. Not in losses to bank depositors, either. (As a kid, my mother lost money in a bank that went down in the Great Depression.) Not in business bankruptcies.
In what sense was the GFC worse?
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right. And because we know of the crashes of 2022, 2008, 2001, etc. the market is showing a lot more resiliency. Which is good, but it will take longer to have a correction. Which may be bad by itself.