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It's all over the internet at this point. Major outlets are reporting on it. Why the hell do you think the stock market tanked into recession territory? They're
by allovernow 7y ago
It's all over the internet at this point. Major outlets are reporting on it. Why the hell do you think the stock market tanked into recession territory? They're already calling it "Black Monday" in the news.
Why would I bother continuing to post references when I only have downvotes to look forward to for my effort? Spend two minutes on Google. Do you know how many billions of dollars have been already lost to cancelled events? SXSW was cancelled. Japan has been talking about postponing the Olympics for months. What more do you need spoon-fed?
It's not like you even need to do anything drastic! Just stock up on some non perishables and be prepared to stay home for a while if you can. That's literally all a responsible adult needs to be doing right now.
But whatever. I'm not taking this personally. Everything will be clear in the next 1-4 weeks. We're lagging behind European countries by 10-20 days, and like a typical epidemic the growth is exponential. Things are about to get interesting locally. I certainly hope I'm wrong but the constant trickle of literature out of China since early January (in legit journals like Lancet and PubMed) paints a very dire picture.
- oarsinsync 7y ago> Why the hell do you think the stock market tanked into recession territory? They're already calling it "Black Monday" in the news. There was a small matter of oil prices dipping as a result of negotiations breaking down between Saudi Arabia and Russia, which may have played a minor role in Monday’s events. I don’t disagree with your general sentiment, but there was more to the events on Monday than a virus.
- gdy 7y agoWhy would a stock market tank because of low fuel price?
- everybodyknows 7y agoInsolvency for US producers, followed by cascading loan failures.