I remember it being about a 6 months for the actual collapse to hit the US market, right before the 2008 elections, and at my work we kept talking about how the economy was a zombie until it would hit us in Q2 of 2009. Then it hit, and the actual effects of downsizing/layoffs/no jobs hit in Fall 2009.
Honestly 08s impact felt like it was overnight. At least when it came to people panicking. I was too young to really be invested in the stock market at the time, but that felt like we were going through another 9/11. That was a traumatic time. As a new Yorker I felt like 08 honestly was almost as bad as 9/11.
When things went bust in 2008 how long did it take for the average person to feel the heat? Days? Weeks? Months?
I'm sure this will trigger a world event. I want to get an idea of how quickly things would escalate before every liberal is calling for Biden's head.
I remember it being about a 6 months for the actual collapse to hit the US market, right before the 2008 elections, and at my work we kept talking about how the economy was a zombie until it would hit us in Q2 of 2009. Then it hit, and the actual effects of downsizing/layoffs/no jobs hit in Fall 2009.
Honestly 08s impact felt like it was overnight. At least when it came to people panicking. I was too young to really be invested in the stock market at the time, but that felt like we were going through another 9/11. That was a traumatic time. As a new Yorker I felt like 08 honestly was almost as bad as 9/11.