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Since the government response is a LAGGING indicator (I.e. people are already the steps to contain the virus before the government), we probably saw pick virus.
by streetcat1 7y ago
Since the government response is a LAGGING indicator (I.e. people are already the steps to contain the virus before the government), we probably saw pick virus.
Also, the stock market becoming cheaper actually reduces inequality since it allows new savers to get in at a lower price. And the same thing for housing.
- Invictus0 7y ago> we probably saw pick virus Just wait till testing ramps up and people realize that there already tens of thousands if not hundreds of thousands of people infected. We're nowhere near peak virus, we're still doing virtually nothing to contain this.
- EarthIsHome 7y ago> Also, the stock market becoming cheaper actually reduces inequality since it allows new savers to get in at a lower price. And the same thing for housing. It increases inequality: people lose their jobs, people can't pay their rents, people can't pay their mortgages. Most people can't put money in stocks and work paycheck to paycheck. Those people are going to get hit the hardest. When the stock market is doing the best ever, these people aren't benefiting, but when the stock market crashes, these people have the most to lose. It's exactly why our economy shouldn't be tied to the whims of the stock market.
- throwaway55554 7y ago> Also, the stock market becoming cheaper actually reduces inequality since it allows new savers to get in at a lower price. And the same thing for housing. I'm sure all the hospitality workers getting fired/laid off are just itching to get into this rocky market right now.