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pllbnk | 12 days ago

It's different this time because the build-up since the last recession (excluding pandemic which didn't cause real recession but instead added more coal to the fire) has been the longest in history by far. Unless economists learned to prevent recessions, which is very unlikely, long build-up may mean spectacular crash. On the other hand, it may indicate that we are in a recession, hence the graph's similarities to 2007-2009 period, but it's just going to take a long time and then crash spectacularly, too. I am just speculating but it "feels" that way.

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