What is even being counted here? In my lifetime, there was the 1987 savings and loan crisis, a downturn in the early 90s, the 2000 dot com bubble, and the 2008 "great recession." Except 2008, each of these was relatively minor and followed by a long period of growth. (This comment does not adress how the Dow Jones Industrial Average does not represent the real economy)

I hate living in interesting times, let me outtttt, covid fucked shit up

What's really fucked is real academic economists have been many of the people ringing the alarm bells for the last 40 years, while pop economists bought and paid for by capital are the only voices in the media.

For example, Jim Cramer isn't an economist, but for a lot of rubes who know nothing about economics, they'll follow him until they're all penniless.

TV and newspaper economists generally support the status quo and academic economists have been pointing out how increasingly fucked we are for a long, long time.

Even Robert Reich, who actually does have an academic economics background and who is better than a lot of mainstream economists, still largely supports a capitalist system with restraints. You just won't see more extreme viewpoints than that of Reich when it comes to the media.

The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum.

-Noam "I'm still stupid enough to have associated with Epstein" Chomsky

Doesn't seem like economists are good at math...

Someone lost count at two?

Three if they're in their mode 60s and were affects by the Asian financial crisis?

Or, are they confusing national economic crises with global ones?

The US used to have recessions multiple times a decade. So it was pretty rare that a economic downturn would be very severe. Like simmering pot of water with lots of small bubbles. Now they do everything they can't to keep the economy hot. When there's a downturn its BIG. The size you'd maybe see once in a lifetime before. That same simmering pot with thick, hot chemical cheese product that build up a big ol bubble that finally bursts and coats your face with hot sticky queso.