The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled today Submitted by CreepingFog t3_11dqnbv on February 27, 2023 at 11:40 PM in wallstreetbets 137 comments 638
purple_hamster66 t1_jacgpxp wrote on February 28, 2023 at 1:12 PM This doesn’t apply to today’s situation: corporations are swimming in excessive profits; largely, regulation has not affected their ability to swindle consumers unemployment is really low today only 10-15% (of the US population) are experiencing a “high cost of living” relative to home prices. Basically, the young (18-25) and the poor. renewable energy is making energy way cheaper. WFH (Work From Home) is cheaper for workers. Permalink 1
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