Everyone was trying to pretend the bottom of the market back in 2007 right up un... | Hacker News

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		hajile 17 days ago \| parent \| context \| favorite \| on: Amazon cuts 16k jobs Everyone was trying to pretend the bottom of the market back in 2007 right up until they couldn't keep up the farce and everything collapsed. I believe that's what we have today. The economic indicators are all worse than they were in 2008. Our economy is Wile E Coyote running at full speed in midair until he realizes the truth then falls.

JohnnyMarcone 17 days ago [–]

The fed was taking action by increasing rates up until the housing market collapsed, so at least some were taking the issues seriously.

I don't have the full context of what the thinking was back then since I was in highschool.

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