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33 at the end of the month. Kill me.
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this post was submitted on 08 Apr 2025
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That one didn't really matter that much to regular Americans. Less than a third of Americans owned stock back then, and that crash didn't have an obvious cause from actual economic fundamentals. And the Fed managed to contain the liquidity crisis, as your linked Wikipedia page describes, so that the broader economy was largely unaffected.
Recessions matter. Stock market crashes only matter when they are caused by, or are the cause of, an actual recession in the real world.