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I'm not real optimistic about things, but... maybe things will come back to life quickly if we get a handle on the actual problem?
by davidw 7y ago
I'm not real optimistic about things, but... maybe things will come back to life quickly if we get a handle on the actual problem?
- bob33212 7y agoYes, once we have a decent treatment/mitigation/herd immunity for the virus we will be able to pick things right back up where they were. The only difference will be that the value of the dollar is going to get cut by 50%. Expect massive inflation as we bailout everyone.
- MaxBarraclough 7y ago> the value of the dollar is going to get cut by 50% Against what? Aren't all currencies going through a similar hardship?
- mdorazio 7y agoThat's not how it works. Inflation and dollar value vs. other currencies is only loosely tied to bailout-type measures. See, for example, the mostly non-existent inflation following the financial crash bailouts last time. Also see current strengthening of the dollar vs. other currencies because it's a safehaven.
- jandrewrogers 7y agoIt is significantly more complicated than this. Have you looked at foreign exchange rates lately? Other currencies are getting crushed relative to the USD because of COVID-19.
- alkonaut 7y agoA cheap and effective treatment that means that it's suddenly not very deadly, or at least not likely to put a huge strain on the healthcare system would be what could turn it around.
- davidw 7y agoA miracle would be great, but I'm not counting on that in the short term.