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Agreed. This crash is very obviously due to the virus. All the other factors may have contributed to it, but were not the leading cause. Had the outbreak not oc
by tenaciousDaniel 7y ago
Agreed. This crash is very obviously due to the virus. All the other factors may have contributed to it, but were not the leading cause. Had the outbreak not occurred, we may have eventually had a crash, but we don't know for sure.
This seems to be people who were skeptical about the market attempting to prove themselves right by piggybacking their favorite reason-the-market-will-crash onto this event.
- koheripbal 7y agoYeah, the parent comment here clearly has an agenda. The virus is literally shutting down economic activity. High leverage never shut down an economy.
- bumby 7y agoI don’t know that this even fits the simple 5 why questions of root cause analysis. I’m not savvy enough to understand the financial underpinnings of the economy but this sounds like we just stopped at the first “why”, meaning it’s more likely a proximate cause. Removing a proximate cause may just mean another precipitating event could have led to a similar outcome eventually