Job losses in this versus the 1990 and 2001 recessions
I’m surprised to learn both that the ‘01 recession was worse than the one in ‘90, and that it lasted longer. I wonder what the next bubble to burst will be in 8-12 years? I’m trying to think of other industries that employ a lot of people, touch a lot of consumers, and whose collapse would impact a ton of adjacent industries.
I guess I can imagine us saying in another decade: “How did we think the advertising industry would survive without a radical overhaul?” Or “Didn’t anyone see the pharma implosion coming?” Those are just the first two ideas to come to mind, but if networks and newspapers started folding for want of ad support (which is already threatening to happen), the effects would be far reaching. Similarly, if drug stocks can’t hold value, could we end up going a stretch without being able to treat curable diseases?
Maybe, as a result of a 3rd bubble in 20 years, an academic branch will evolve to study and help prevent these. I’d love to read what a “bubblenomics” professor had to say about when home prices will have hit bottom :-)
28 notes
-
fousheezy liked this
-
queenjollene liked this
-
dopefriend reblogged this from funtime
-
mykol78 liked this
-
pandaface liked this
-
lifeofbk liked this
-
randyhaddock liked this
-
ajamison reblogged this from alilbit and added:
Tumblr really needs to quit spreading FUD, and look at information that isn’t misleading like the one above.
-
alilbit reblogged this from tmblg
-
stuffsbymomo liked this
-
logan85 liked this
-
logan85 reblogged this from tmblg
-
-r reblogged this from implodr
-
activeurbanity reblogged this from tmblg
-
theopie reblogged this from tmblg and added:
Damn, maybe Obama was right last night. Nah, all my Republican friends couldn’t be wrong. This must be more socialist...
-
resaltador liked this
-
funtime reblogged this from tmblg
-
kat-harine liked this
-
alexbain reblogged this from tmblg and added:
I’m surprised to learn both that the ‘01 recession was worse than the one...‘90, and that...
-
alexbain liked this
-
sarahbeara reblogged this from tmblg
-
jerule reblogged this from tmblg and added:
- gefunden bei tmblg
-
rmonterosainz reblogged this from tmblg and added:
Trabajos perdidos en las últimas crisis
-
tmblg reblogged this from implodr and added:
Job losses in this versus the 1990 and 2001 recessions
-
mathieuthouvenin reblogged this from implodr
-
xhotin reblogged this from implodr
-
implodr reblogged this from moth
-
moth posted this
