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pelespirit@sh.itjust.works

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Oh the times of 10 years ago... (lemmy.dbzer0.com)

submitted 1 week ago by Stamets@lemmy.dbzer0.com to c/whitepeopletwitter@sh.itjust.works

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You shut the fuck up

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[–] RickyRigatoni@retrolemmy.com 5 points 1 week ago (1 children)

wasn't 2007 the housing bubble recession

[–] ArmchairAce1944@discuss.online 5 points 1 week ago (1 children)

October 2008. I remember exactly... because I had an economics professor in university who started her classes by writing the Dow Jones on the chalkboard. One day I came and I noted that the number had dropped significantly from the day before, she told me 'we haven't seen a drop that big since 1929'.

Yeah... and just 10 months prior I had another professor tell me that the economy was in such boom that it was making the post-WW2 economic boom look tame... yeah...

[–] Jumbie@lemmy.zip 3 points 1 week ago (1 children)

December 2007.

It was still under Bush II.

[–] ArmchairAce1944@discuss.online 2 points 1 week ago (1 children)

I remember it before election day. The drop in stock market prices. I know because I also remember a lot of people saying that Obama would never be president while people were still scrambling to make sense of the crash.

[–] Quexotic@sh.itjust.works 2 points 6 days ago

https://en.wikipedia.org/wiki/Subprime_mortgage_crisis

Sorta began in 06, got bad, in 07, and peaked in 08.