Quote:
Originally Posted by Hankphenom
the economy was purring along, so will it return to that state in a few months when the virus is no longer a factor, or will the various shocks and dislocations in the interim (hello, massive debts) have changed the environment so much that it has become an economic and financial problem with the virus merely the catalyst?
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I don't think the economy will return to economy of Feb 14. Covid-19 will just be a catalyst to some extent. Plenty of analysts knew Chinese growth was slowing. That was signaling problems ahead. Every analyst knew the stock market needed a correction, and everyone knew this bull market had to come to an end. Many analysts have also highlighted although the US is near full employment, many jobs created in this bull market were not middle class jobs. Many more people are working multiple jobs to get by. Not to mention the college debt bubble that will have to be reckoned with some day, there are lots of questions left unanswered.
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Last edited by todeen; 03-11-2020 at 08:14 PM.
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