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Note that this one is not a crash imposed by market forces overextending themselves(the usual dynamic of recession), so much as a reset button suddenly pushed.
by mntmoss 7y ago
Note that this one is not a crash imposed by market forces overextending themselves(the usual dynamic of recession), so much as a reset button suddenly pushed. An economy under quarantine is not just a depressed economy, it's a different economy, as demonstrated by the abrupt mass adoption of WFH and sudden political will for sick leave. The game took a time-out and the rules changed. When we resume business as usual, it won't move the clock backwards.
So there is a silver lining in that opportunities going forward will change, but that still means "no opportunities" in the near term while everyone sorts out what to make of it.