8 Years Ago Yesterday

[Martinus]

Lehman Brothers announced bankruptcy.

Can you believe we are still not out of this shit?

[Valmy]

Lehman Brothers announced bankruptcy.

Can you believe we are still not out of this shit?

Probably what people were saying in 1937.

[Richard Hakluyt]

I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.

[CountDeMoney]

I don't think we are ever going back to the 2007 situation.

I certainly know I'm not.

[Admiral Yi]

"This shit" would have to be defined pretty broadly for us to be considered to still be in it.

[Martinus]

I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.

Yeah. It's the new normal.

[CountDeMoney]

"This shit" would have to be defined pretty broadly for us to be considered to still be in it.

Translation: LOL, suckers

[Valmy]

I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.

Yeah. It's the new normal.

You might need to explain a bit more. I don't see how the new normal is that much different from the old normal. What fundamentally shifted in 2007?

[LaCroix]

#imwithyi

[Barrister]

I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.

Yeah. It's the new normal.

You might need to explain a bit more. I don't see how the new normal is that much different from the old normal. What fundamentally shifted in 2007?

Crazy low interest rates yet with low growth?

[Valmy]

Crazy low interest rates yet with low growth?

Ah. I thought that started with the 2000 dot come crash. But understood. Yeah I don't know when anybody plans on upping interest rates.

[Martinus]

I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.

Yeah. It's the new normal.

You might need to explain a bit more. I don't see how the new normal is that much different from the old normal. What fundamentally shifted in 2007?

The M&A market and legal services market are completely different, at least. The rates never recovered.

[Eddie Teach]

#imwithyi

I'm sure your way richer then you were in high school.

[celedhring]

I don't think we are ever going back to the 2007 situation. The current situation is normal and will continue to be so till the next major change.

Yeah. It's the new normal.

You might need to explain a bit more. I don't see how the new normal is that much different from the old normal. What fundamentally shifted in 2007?

The M&A market and legal services market are completely different, at least. The rates never recovered.

Same in my business. Wages and number of projects are way down. There's been a polarization of the market, actually, you are either a big shot earning shitloads or a bottom-feeder working for peanuts. The "midmarket" of Spanish TV/film is all but gone.

[Zanza]

Same in my industry - automotive in Europe never recovered from the financial crisis and sales numbers are still like 15% below the peak reached in 2007.