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>As soon as it's safe, people will very quickly start working and consuming again. Your premise is at fault ("this is about buying goods"). The virus is a cat

>As soon as it's safe, people will very quickly start working and consuming again. Your premise is at fault ("this is about buying goods"). The virus is a catalyst, not a cause. Do you know if the Chinese economy will ever recover in the way you claim? Are you even considering the world outside your country? This is bigger than a few people not going out to bars and restaurants. Industrial production has been slowing for months, global debt was increasing exponentially for a decade, political tensions are rising globally, people are dying around the world because of government mismanagement of a pandemic. You can keep repeating that things will go back to normal when people start shopping again, but if that's the extent of how you view what's happening now, you're likely wrong.

cloverich 7y ago
> people are dying around the world because of government mismanagement of a pandemic. Disproportionately affecting people outside of prime working ages. > political tensions are rising globally For now, and they will eventually subside. Because they always do. And always will. > Do you know if the Chinese economy will ever recover Why wouldn't it (eventually)? Demand will change, but people aren't going to forget how to work, how to buy, or how to build. There is a _ton_ of cultural infrastructure that goes beyond physical infrastructure and ultimately, unless we were all building stuff nobody actually wanted or could use (e.g. dotcom bubble) the economy will eventually recover. We don't know the timing, or the extent that bad assets will be kicked out (e.g. mortgages), and we also don't know to what extent money printing has erased savings, but ultimately there's a tremendous amount of cultural and physical infrastructure that will continue to exist, and a tremendous amount of demand that will return.

cloverich 7y ago

> people are dying around the world because of government mismanagement of a pandemic. Disproportionately affecting people outside of prime working ages. > political tensions are rising globally For now, and they will eventually subside. Because they always do. And always will. > Do you know if the Chinese economy will ever recover Why wouldn't it (eventually)? Demand will change, but people aren't going to forget how to work, how to buy, or how to build. There is a _ton_ of cultural infrastructure that goes beyond physical infrastructure and ultimately, unless we were all building stuff nobody actually wanted or could use (e.g. dotcom bubble) the economy will eventually recover. We don't know the timing, or the extent that bad assets will be kicked out (e.g. mortgages), and we also don't know to what extent money printing has erased savings, but ultimately there's a tremendous amount of cultural and physical infrastructure that will continue to exist, and a tremendous amount of demand that will return.