Debt is not your friend

For those unaware of what a real recession is. It isn't "6 months and back to normal". It is a slow and painful deleveraging that drags on and on as everyone tries to "buy the dip".

The deleveraging part is what people are missing, since we've accumulated so much debt.

— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) November 10, 2022

Highest inflation in 40 years + job losses + increasingly higher interest rates + crypto crash + stock market bubble pop + real estate downturn = PAIN