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Morgan Housel
An interesting thing is the widespread assumption that the next recession will be as bad as 2008. Natural to think that way, but, statistically, highly unlikely. Could be over before you realized it began.
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Carmine Pirone 25 Feb 19
Replying to @morganhousel
why do you say it's widespread assumption?
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Morgan Housel 25 Feb 19
Replying to @CramersShirt
Because it's twitter and you're allowed to express gut feelings as facts here.
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Old Saito 25 Feb 19
Replying to @morganhousel
PTSD in markets is real. It's why many firms have underperformed for so long: fear of increasing beta due to "what lies around the corner".
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Adam Singer 25 Feb 19
Replying to @morganhousel
It's entirely possible we mature as a species on these things. Evolution is real on many fronts. Also it must be exhausting constantly rooting for the end of the world.
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Wallztweet 25 Feb 19
Then again, times change, people don't. We will sooner evolve a sixth finger than we stop the manic way we view the markets.
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Bluegrass Capital 25 Feb 19
Replying to @morganhousel
the 2000s were this generation's 1930s
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Liberty 25 Feb 19
Were the 1990s our 1950s?
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LaShawn 25 Feb 19
Replying to @morganhousel
likkke RN lol
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Jim Royal, Ph.D. 25 Feb 19
Replying to @morganhousel
I'm quite curious how federal deficits are going to play into it, with deficits at really high levels now. The feds won't be able to help themselves, let alone the 50 Hoovers cutting state spending. The lesson of coutercyclical govt spending is never learned.
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D Lambrozza 25 Feb 19
Replying to @morganhousel
MANY market participants who lived through ‘08 are conditioned to think that will repeat itself, but if powers that be never let the Lehman domino spill, that crisis would likely not been nearly as bad. Fed/gov’t won’t let economy get even close to such a scenario next time ...
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