What is happening in global economics and why does it seem like we’re falling into another recession?

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And as a bonus question, how have we fallen into the same problem we did just 14 years ago, how did no one think “let’s do it differently this time guys!”

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Anonymous 0 Comments

Since no one has ELI5 yet.

When you go trick or treating and you get all your candy and you get home and you trade with your brothers and sisters, that’s how it’s supposed to work. If someone isn’t playing well with others the grown ups will make them share or take their candy away or put them in time out. Well at some point a couple of your siblings teamed up to take almost all of the candy. That didn’t turn out well and in 2008 they got really sick but the grown ups didn’t do a good job of teaching them a lesson, so they’re still doing the same thing, trying to greedily take all the candy and not sharing. Now, because of Covid, there is a lot less candy, but to get you to come out and help them go door to door collecting candy they promised you a whole bunch of candy, but they lied, and they don’t actually have it, and they’re just going to try and take the little bit of candy you did collect.

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