/biz/ - Business & Finance

>>51483782
>Why do people pretend that the 2008 financial """crisis""" was like the end of the world?
because it unironically was.
>I've lived through it and it wasn't even that bad
Okay explain what happened in your opinion for it to not be so bad.
>a lot of people made lots of money from buying all the assets that were on sale at huge discounts.
This isn't true because you're looking at a very small amount of companies that survived. Most companies never returned to the price of 2007 levels. Meaning you lose money.

so why does that matter?
It was a horrible disaster because a large number of Gen X and Boomers lost all of their retirement.
Housing collapse removed people from homes and gave the homes to the banks which now do nothing with it and now houses are condemned.
People lost their jobs, which never returned because they just got outsourced.

Before 2008 hustle culture was seen as a negative thing that only niggers did who were into drugs.
Now it's the way of life if you want to be successful.

2008 was such a turning point in so many ways. Now we live in a dystopia until the next great war.