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Is a recession every decade the new normal?

I’ve always heard that there’s a depression approximately every century. We had the Great Depression in the USA in the 1930s. But now we’ve got this major recession with gas and grocery prices through the roof. And this isn’t the first time either. There was another big recession in 2011 when I graduated from college. I remember that one clearly, as I couldn’t get a job for two years. Thankfully I have a good job for now…we’ll see how long it lasts.

Anyway, my point is that we’ve had a major recession both this decade and last. Is this the new cycle? I’m only 34, so I can’t remember if there was a recession in the 1980s…but there definitely wasn’t one in the 2000s or late 1990s.

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Graylight · 51-55, F

This country is swinging out of control. Every 4-8 years, half the nation decides they want the very opposite of what they just experienced. There's a communal chant - "fix our sh*t" - and when one man can't instantaneously do that, we throw him to the wolves and start again.

I don't know who expected an even-handed economy, but they were a fool.

checkoutanytime · M

If a democrat wins the white house, expect economic turmoil. Is the pattern ive noticed.

whowasthatmaskedman · 70-79, M

@checkoutanytime Thats quite true.. But which came first? The chicken or the egg?😷

checkoutanytime · M

@whowasthatmaskedman liberals are to chicken to talk about reality so im goning to wadger the farm on eggs, since every woman has them.

RopinTexan · 36-40, M

@checkoutanytime I’m neither liberal nor conservative, but I will say that the economy was crap when Obama first became POTUS, but by the end of his second term, we were doing great.

Personally, I think we give a lot more credit to the POTUS in general than is due. The economy is mostly controlled by organizations like the Fed and city/state councils than the POTUS.

whowasthatmaskedman · 70-79, M

The short answer is No.. The longer answer is "it depends".. There is a boom/bust cycle built into the Capitalist unregulated Market. But outside event, like a global pandemic, or a world war, feed into the cycle. as does Keysian regulation, and since the abandoning of the Gold Standard, global deficit Funding.. So right now, being an economist is like juggling, kittems chainsaws and handgrenades all at once.😷

dancingtongue · 80-89, M

@whowasthatmaskedman In about that proportion as well. We need more kittens.

NorthernBear · 51-55, M

We have a major recession coupled with rampant inflation. That's more of a Nixon 70's thing. We had to come up with a name for this new phenomenon Nixon's mishandling of the economy caused, stagflation. This time around it's more because of the pandemic and big oil gouging us. Come to think of it, that later part was a factor in the 70's as well. Huh. It's almost like our dependence on oil is hurting us.

SomeMichGuy · M

@NorthernBear Petroleum going up affects nearly EVERYTHING which requires transportation...

IlovePeaches · 22-25, F

it absolutely is a mathematical certainty in a capitalist society.
capitalism only work on growth.. thats why its such a great system in a country that has just be ravaged by war or a revolution. but there isnt endless growth... the wealthier a country becomes the more of a hindrance capitalism becomes because instead of growth it profuces inequality.

Northwest · M

Ever since the Great Depression, the US has been in a state of economic recession 15% of the time.

This is not the new normal, this is the "normal" normal.

RopinTexan · 36-40, M

@Northwest You’re probably right…I’m just too young to remember previous ones, since I didn’t graduate until 2011. Were there major recessions in the 1990s and 2000s though?

Northwest · M

@RopinTexan The Great Depression was in the early 1930s, so I was not around for most of them. Try using Google, if this was not coveted in US history where you went to high school.

MasterLee · 56-60, M

We need to stop voting liberals in that kill our economy

NorthernBear · 51-55, M

@MasterLee yup. Liberals like Nixon, Reagan, and Bush

Elessar · 26-30, M

@MasterLee That goddamn liberal sitting in the oval office in Q1 2020.. ah no

justanothername · 51-55, M

There was
Tuesday October 19, 1987 known
As Black Tuesday around the world when the US stock market cratered and crashed. Like completely shat itself.
That hurt loads of people everywhere.
the .com boom bust in the late 90s
The GFC in 2008-2010 which was caused by zero interest loans defaulting all over the US. Major crash.

Tastyfrzz · 61-69, M

Yes, in the eighties there was one.

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