Debt is not your friend
Nov 09, 2022
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".— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) November 10, 2022
The deleveraging part is what people are missing, since we've accumulated so much debt.
Highest inflation in 40 years + job losses + increasingly higher interest rates + crypto crash + stock market bubble pop + real estate downturn = PAIN