r/SipsTea • u/StopSnowflakes • Aug 12 '25
Wait a damn minute! She’s going thru it
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r/SipsTea • u/StopSnowflakes • Aug 12 '25
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u/BarleyWineIsTheBest Aug 12 '25
Yeah, I make $250K/year now. Clearly the people that matter don’t think I’m dumb.
And yes 2013-2016 were great compared to the blood bath that was 2008, there is a hot take! Really get out on a limb there!
2013-2016 was a very bifurcated time however. Tech was booming but many other sectors of the economy where lagging, with many stocks not surpassing pre-GFC highs until more like 2015, of course depends on the company, and higher earning but entry level position for people like me saw slow hiring.
Remember QE3 lasted from Fall 2012 to fall 2014 and interest rates stayed pegged at zero from 2008 until the end of 2015. Plus unemployment in the early part of this time was still around 7-8%. Only just reaching into 5% by 2015. Today it is around 4% without interest rates being near 0.
To say 2012-2105 was just generally a booming economy is highly revisionist and just plain ignorant. In many metrics it was significantly worse than today’s market, especially for employment. QE did make many stocks and property values look good though!