3 ms·
To the latter criticism, this has nothing to do with governments pumping up stocks. It’s a pandemic that could put a third of workers out of jobs because every
by tyre 7y ago
To the latter criticism, this has nothing to do with governments pumping up stocks.
It’s a pandemic that could put a third of workers out of jobs because everything is shutting down and the economy is coming to a halt. It’s not like 2008 when complex financial products f—ed it all up.
(Yes there are still bad policies, yes there is corruption, yes, yes etc etc etc but the point is that this isn’t “part of the boom and bust cycle.”)
- Judgmentality 7y agoYou have valid points, but the boom and bust just exacerbates an already bad situation by compounding the natural disaster with a market primed to fall already. So it took a bad situation, and made it even worse. As to all how this is going to play out, who knows? I'm not as optimistic as others that it's just going to be a couple months and suddenly everything is back to normal.
- xapata 7y agoWe could have been like Taiwan and Japan. Seems like a mask mandate and diligent testing with quarantine of infected only is sufficient. Would have saved a lot of headache. And lives.
- rusticpenn 7y agoI heard the opposite about Japan. Are they really doing exhaustive testing?
- xapata 7y agoIt's hard to know which sources to believe these days.