The GFC, much like the AI bubble, was nothing to do with reality, but ever-twisting levels of speculation. Too much of our financial system is powered by number games dressed up as investment.
September 28, 2026 at 12:39 AM
The GFC, much like the AI bubble, was nothing to do with reality, but ever-twisting levels of speculation. Too much of our financial system is powered by number games dressed up as investment.
this happened with the GFC and Obama too
November 16, 2024 at 12:22 AM
this happened with the GFC and Obama too
Huge win for the Portland Thorns at home 💪
April 23, 2025 at 4:39 AM
Huge win for the Portland Thorns at home 💪
Surreal to start creeping into Bush 08 levels without a true GFC equivalent, like things aren't great but they aren't 10% unemployment either
32 is so bad. i dont think people will be able to look at objective conditions, as unpleasant as they are, and understand how it could be so bad. thirty-two is "i never even liked you anyway" material.
Staggering levels of repudiation, rejection, and decay.
September 21, 2026 at 11:39 PM
Surreal to start creeping into Bush 08 levels without a true GFC equivalent, like things aren't great but they aren't 10% unemployment either
Yeah I have never been more sure something was up with the quality of the underlying assets of private credit. This is as close to a “my shirt that says we’re nothing like the banks during the great financial crisis” tweet as we’ve had yet
April 10, 2026 at 3:09 AM
Yeah I have never been more sure something was up with the quality of the underlying assets of private credit. This is as close to a “my shirt that says we’re nothing like the banks during the great financial crisis” tweet as we’ve had yet
I'm relitigating the cause of the GFC on Twitter right now
November 29, 2024 at 4:07 PM
I'm relitigating the cause of the GFC on Twitter right now
i think mass social media and stagnant post GFC economics hitting at the same time basically caused this.
like there's something happening in almost every G7/WEIRD economy where the centre-right gets taken over by the far-right populist mind virus
i genuinely think the mass-radicalization of the centre-right anglosphere needs to be studied
June 14, 2025 at 5:57 PM
i think mass social media and stagnant post GFC economics hitting at the same time basically caused this.
A slack labor market also leads to bosses mistreating workers, lack of raises, lack of career advancement etc. This is why bosses hated the Biden labor market and love Trump restoring post GFC levels of worker precarcity.
I had a job all throughout the Great Financial Crisis, that doesn't mean that being constantly worried about losing my job didn't fuck me up big time.
1/ I'm seeing a bad take floating around: "even a bad recession boosts the unemployment rate only to 10%; for the other 90% the recession is an opportunity to buy cheap houses."
But recessions and their aftermath are bad for more than 50% of households.
But recessions and their aftermath are bad for more than 50% of households.
April 8, 2025 at 3:31 PM
A slack labor market also leads to bosses mistreating workers, lack of raises, lack of career advancement etc. This is why bosses hated the Biden labor market and love Trump restoring post GFC levels of worker precarcity.
This is so fucked. This is a dangerous loophole that's going to risk getting us pre-GFC Greece levels of tax noncompliance.
NEW: Senate unexpectedly passes the 'No Tax On Tips Act' in a unanimous vote
A new tax deduction up to $25,000 for cash tips, with limits, usable by employees to make up to $160,000.
Bill now goes to the House.
www.nbcnews.com/politics/con...
A new tax deduction up to $25,000 for cash tips, with limits, usable by employees to make up to $160,000.
Bill now goes to the House.
www.nbcnews.com/politics/con...
Senate unexpectedly passes the 'No Tax on Tips Act' in a unanimous vote
Sen. Jacky Rosen, D-Nev., called up the bipartisan bill for immediate passage, and no senator objected. The measure now goes to the House.
www.nbcnews.com
May 20, 2025 at 10:47 PM
This is so fucked. This is a dangerous loophole that's going to risk getting us pre-GFC Greece levels of tax noncompliance.
Do we think Pete ever did a gfc course lol
Do we think Pete (a former failed NG Army officer who can’t figure out not to share classified info on signal) is fully cogent on what TEA is and how and when it is delegated
December 2, 2025 at 3:57 AM
Do we think Pete ever did a gfc course lol
Remember when Obama was president in 2008 for the GFC
June 10, 2025 at 4:11 PM
Remember when Obama was president in 2008 for the GFC
NWSL players in the Starting XI for the U.S.!
🇺🇸 Claudia Dickey (SEA)
🇺🇸 Lynn Biyendolo (SEA)
🇺🇸 Avery Patterson (HOU)
🇺🇸 Michelle Cooper (KC)
🇺🇸 Emily Sonnett (GFC)
🇺🇸 Claire Hutton (KC)
🇺🇸 Rose Lavelle (GFC)
🇺🇸 Sam Coffey (POR)
🇺🇸 Alyssa Thompson (LA)
🇺🇸 Lilly Reale (GFC)
🇺🇸 Claudia Dickey (SEA)
🇺🇸 Lynn Biyendolo (SEA)
🇺🇸 Avery Patterson (HOU)
🇺🇸 Michelle Cooper (KC)
🇺🇸 Emily Sonnett (GFC)
🇺🇸 Claire Hutton (KC)
🇺🇸 Rose Lavelle (GFC)
🇺🇸 Sam Coffey (POR)
🇺🇸 Alyssa Thompson (LA)
🇺🇸 Lilly Reale (GFC)
July 2, 2025 at 11:26 PM
NWSL players in the Starting XI for the U.S.!
🇺🇸 Claudia Dickey (SEA)
🇺🇸 Lynn Biyendolo (SEA)
🇺🇸 Avery Patterson (HOU)
🇺🇸 Michelle Cooper (KC)
🇺🇸 Emily Sonnett (GFC)
🇺🇸 Claire Hutton (KC)
🇺🇸 Rose Lavelle (GFC)
🇺🇸 Sam Coffey (POR)
🇺🇸 Alyssa Thompson (LA)
🇺🇸 Lilly Reale (GFC)
🇺🇸 Claudia Dickey (SEA)
🇺🇸 Lynn Biyendolo (SEA)
🇺🇸 Avery Patterson (HOU)
🇺🇸 Michelle Cooper (KC)
🇺🇸 Emily Sonnett (GFC)
🇺🇸 Claire Hutton (KC)
🇺🇸 Rose Lavelle (GFC)
🇺🇸 Sam Coffey (POR)
🇺🇸 Alyssa Thompson (LA)
🇺🇸 Lilly Reale (GFC)
various things that could/should've gone the other way: al gore 2000, 9/11 not happening, iraq, preventing the GFC, obama's response to the GFC, brexit vote, trump election 2016,...
I don't think it was the best time, but there was a "millenium approaching" pre-dotcom bust period when, briefly, the future seemed bright, the only time in my life when optimism seemed to be the zeitgeist
There is also ample survey data that people of any age identify the time period when things were best, e.g. the Good Ol Days, as whenever they were 10-15 years old.
They weren't the Good Ol Days, they're whenever you were a kid. That's what you miss: being a kid.
They weren't the Good Ol Days, they're whenever you were a kid. That's what you miss: being a kid.
September 29, 2025 at 4:01 PM
various things that could/should've gone the other way: al gore 2000, 9/11 not happening, iraq, preventing the GFC, obama's response to the GFC, brexit vote, trump election 2016,...
2025 might have the lowest new construction homes permitted in Chicago since the 2009-2013 GFC and post-GFC lull
August 11, 2025 at 3:53 AM
2025 might have the lowest new construction homes permitted in Chicago since the 2009-2013 GFC and post-GFC lull
IF there is any bailout, which I don't think there will be, it'll be to bail out the bullshit lenders/private credit entities. The only GFC-level event could be if there's masses of secret private credit debt, but is that systemically threatening like the GFC was?
November 17, 2025 at 10:23 PM
IF there is any bailout, which I don't think there will be, it'll be to bail out the bullshit lenders/private credit entities. The only GFC-level event could be if there's masses of secret private credit debt, but is that systemically threatening like the GFC was?
Yields on the 10yr are above the pre-GFC levels so lets have some fun.
September 29, 2026 at 5:09 PM
Yields on the 10yr are above the pre-GFC levels so lets have some fun.
BIG FISH SCORES IN THE BIG APPLE! 🦈
GFC 0 | 1 SEA
GFC 0 | 1 SEA
July 18, 2026 at 6:55 PM
BIG FISH SCORES IN THE BIG APPLE! 🦈
GFC 0 | 1 SEA
GFC 0 | 1 SEA
$COST now in bear-market territory, not far from its worst drawdown since the GFC
December 20, 2025 at 12:45 PM
$COST now in bear-market territory, not far from its worst drawdown since the GFC
average daily (absolute) move for the SOX during the month of June is 3.7%. post dotcom bubble, months with a larger daily average move are GFC, GFC, GFC, Covid, Covid, liberation month.
June 27, 2026 at 2:09 PM
average daily (absolute) move for the SOX during the month of June is 3.7%. post dotcom bubble, months with a larger daily average move are GFC, GFC, GFC, Covid, Covid, liberation month.
Highest 30-year Treasury yield since before the GFC...
July 29, 2026 at 9:22 PM
Highest 30-year Treasury yield since before the GFC...
2005 is also right around when housing production (already low in some of our wealthiest cities) cratered and never recovered to pre-GFC levels
December 11, 2024 at 5:49 PM
2005 is also right around when housing production (already low in some of our wealthiest cities) cratered and never recovered to pre-GFC levels
Gotham FC defend their home turf 🩵
June 22, 2025 at 1:40 AM
Gotham FC defend their home turf 🩵
Trading risk? The thing that led to the GFC???
July 24, 2026 at 6:41 PM
Trading risk? The thing that led to the GFC???