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His experience of the last couple of recessions has probably been:
I mean, all that it takes is to look at the changes in wealth of the top 1% of the population compared to the rest in the aftermath of the 2008 Crash.
From his point of view a recession is a good thing because it and subsequent measures by the Government and Central Bank makes him even more money than "normal" times. Sure, it's on the backs of the riff-raff, but who cares about the riff-raff when they're so easy to lead by the nose?!