Same, I remember how much the last one stressed out my Dad. I was in high school and didn't fully appreciate the significance of what was going on. I'm a bit anxious anticipating the next one, but it's part of the game!
It's not a game. Suicide rates will go up. People in their late 40s are going to get laid off and have a hard time finding equivalent work ever again. There are a lot of people straining themselves to buy a home at this exact moment. Kids graduating with record student debt, thinking they did everything they were supposed to do, will find themselves in an even softer economy. And all of this will happen during a 4 year assault on our social safety nets.
I am most concerned about your last point. I do not believe that student loan debt will be the cause of the next recession but it will definitely be a massive compounding factor after it begins. A bunch of people in there 20s defaulting on loans is going to create one hell of a mess.
As someone had a horse in the race during the previous recession, it's not some sort of "game" and I find this flippant attitude incredibly off-putting to say the least. These are people's livelihoods we're talking about here. The last recession took a huge emotional toll on me, more than can be explained using words.
Sorry my comment came off a little more tongue-in-cheek than I intended. I didn't mean to downplay the seriousness of the topic, it was a bit of nervous laughter if you will.
My naivety is apparent and I will treat future discussions like these with more care. Apologies if I struck a nerve.
I've been through a few of these, and I disagree with everyone else. It's a game. At least, it's a lot healthier to think of it as a game.
Life is full of ups and downs, some of them economic. Yes, this is just another one. Don't despair, things get better. Value your family and friends, and everything will be okay.
It may be that the game paradigm leads to more prosperity than the "woe is me no lighthearted talk allowed" paradigm.
It occurs to me that we still haven't done a damn thing about 2B2F... those banks with the public backstop seem far more dangerous than some temporary tariffs.
