Message from @pratel
Discord ID: 469382688680443906
But yeah, stuff like that tends to accelerate the decline. But it need not be the single trigger of the decline.
I just meant cuz they share the name GO
Ok. you got me.
lmao.
Chicago hasn't seen much decline since the 90s yet
Detroit was seen as an ugly city in decline in the 80s.
You can limp for a long time.
And nothing is ever certain.
Chicago had decline in the 80s too
Fair.
60s to 90s decline
and mostly stable since
Almost as many people coming in and being born as leaving
could be on a trend of one step up two steps down though
It's hard to say.
Still looks like decline would be slow
then all the boomers with the pensions die
But it's in a dangerous position and could very well be following Detroit.
For sure its going to be hairy when this next economic bust comes
I could agree with that.
I am pretty convinced there will be one within next 12 years
The economy goes up. The economy goes down.
It's never going to be just monotonic.
There will be one eventually.
Some downs are way bigger than others
I'm not going to bet on the next downturn. These things can be kinda dicey to predict.
you know the saying about economists.
We are on such a big upturn, and that is generally a decent indicator
not always perfect though
I can agree. But predicting these things is hard.
If you ever figure out the trick let me know. Could easily make billions just sitting on the computer making bets on wall street.
I am mostly just going off of the crypto bubble and how big our boom is right now
idk how reliable the crypto bubble is as an indicator
People borrowing to buy speculative goods, lenders get burned, and borrowers lose assets
i mean the whole thing with how easily liquidatable those digital assets are
Crypto struck me as a classic tech hype personally.
Like dot.com?
Something like that could have triggered a downturn, but it didn't.
Yeah. dot com is a good example.
is whith how volatile crypto is with no physical intrinsic value in the end a big economic downturn could cause alot of big players to move their assets out of crypto
I don't think most f the people borrowing to buy would pull out fast enough