The last recession resulted in several trillions of dollars of lost wealth. Some recovered, some didn't I would say for those that didn't it was significant.
In my case, I lost my 401k, my credit rating, home and wife. 10 years later I have almost recovered most, but not all.
So, yes in most of YOUR lives it may not have been detectable. But for myself and MANY others lives it was very detectable. Politics had NOTHING to do with it, economics did.
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