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Yup, that’s why many economists have been saying that during a good economy like we’ve had for the past ten years, we should have used the opportunity to rebuil
by freehunter 7y ago
Yup, that’s why many economists have been saying that during a good economy like we’ve had for the past ten years, we should have used the opportunity to rebuild the economic tools we rely on in case of an emergency. Instead we cut taxes and cut interest rates, so now there’s no room in the economy to recover this time.
It could end up being nothing... or it could end up being the worst economic crisis we’ve ever seen. And if it’s the latter, we have no way to defend against it. The coffers are empty.
- munk-a 7y agoIn fact, a lot of sane and balanced economists are saying that, while the corona virus certainly incited the latest market downturn, that downturn is going to continue since the market has been highly over-valued recently. So yea, I am concerned and not putting anything into the market right now.