The underlying economy is fine, the drop in the market is due to uncertainty, not real underlying economic weaknesses like 2008.
That said, there will be an actualized hit to the economy in a couple of months as companies lose revenue while everything is shut down. Some unemployment and some debt defaulting (though the administration has done a good job with making further cheap loans available to prevent this from going out of hand) That'll be a speedbump in the grand scheme of things.
The stock market will recover in about 4-6 months, with about 80% of it in the first month after this craze dies down (probably end of April).
In the long run the economy should be fine. I'm more concerned about the short term. There will be spikes in unemployment because people are not out spending money so businesses will cut, etc. That writing is already on the wall.
We have to make sure this recovers before situations decline to the point that people are voting out of desperation for whichever old man is offering free stuff. That's when it goes from a panic induced downturn to a collapse.
I'm spending like normal if not a little more. I've already planned one extra domestic vacation this summer and if these restrictions and fear blow over soon enough I'll be adding it at least one more. I travel a lot for fun so throwing in some extra tourism money is what I can do. I also find myself tipping a bit more, I just feel sorry for these people who have always given me good service to have to go home with way less money because people are scared.
This hysteria will wear off fast. There is nothing to worry about.
The "MILLIONS DEAD" bs "corona virus experts" will look just like the "Trump can't win" crowd in two short months.
everything is shutting down, nobody is going out and spending money. Yes in the short term is going to be very bad.
Oh I know first hand (waiter at a local restaurant/diner). It’ll blow over but I was worried to shit when I saw how low it dropped.
The underlying economy is fine, the drop in the market is due to uncertainty, not real underlying economic weaknesses like 2008.
That said, there will be an actualized hit to the economy in a couple of months as companies lose revenue while everything is shut down. Some unemployment and some debt defaulting (though the administration has done a good job with making further cheap loans available to prevent this from going out of hand) That'll be a speedbump in the grand scheme of things.
The stock market will recover in about 4-6 months, with about 80% of it in the first month after this craze dies down (probably end of April).
For the foreseeable future it's going to be rough, but to pretend that it is solely because of the virus would be bullshit.
2 more weeks - tops
I’d guess a month, but that’s the pessimist in me coming out
Eew maybe use a non-commie link pls.
Noted. First link I could come across.
Uncertainty drives volatility. Extreme uncertainty, well you get the picture. Expect a wild ride until a more distant horizon comes into clarity.
In the long run the economy should be fine. I'm more concerned about the short term. There will be spikes in unemployment because people are not out spending money so businesses will cut, etc. That writing is already on the wall.
We have to make sure this recovers before situations decline to the point that people are voting out of desperation for whichever old man is offering free stuff. That's when it goes from a panic induced downturn to a collapse.
I'm spending like normal if not a little more. I've already planned one extra domestic vacation this summer and if these restrictions and fear blow over soon enough I'll be adding it at least one more. I travel a lot for fun so throwing in some extra tourism money is what I can do. I also find myself tipping a bit more, I just feel sorry for these people who have always given me good service to have to go home with way less money because people are scared.
This hysteria will wear off fast. There is nothing to worry about. The "MILLIONS DEAD" bs "corona virus experts" will look just like the "Trump can't win" crowd in two short months.