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In 2008 gdp declined by ~2% and the stock market fell 50%. The downright dreadful forecasts coming in about 2020 GDP double digit declines seem to me to warran
by nostromo 7y ago
In 2008 gdp declined by ~2% and the stock market fell 50%.
The downright dreadful forecasts coming in about 2020 GDP double digit declines seem to me to warrant a larger decline in equities.
I think a lot of folks think this will be a sharp V recovery, but I'm not so sure. I'm already seeing knock-on effects in the real world. People in tech being laid off; (formerly) rich folks cutting way back on planned spending; entire projects canceled, etc.
- almost_usual 7y agoI wouldn’t be surprised of on again off again quarantines over the next year. This is our new reality until a vaccine is manufactured and distributed.
- MuffinFlavored 7y agohttps://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/ https://www.statista.com/statistics/188165/annual-gdp-growth... GDP growth declined -0.1% in '08 and -2.5% in '09
- wool_gather 7y ago> People in tech being laid off This does seem to be accelerating, although recall that this year opened with a fair few headline-grabbing mass layoffs. It's hard to say that more weren't already coming, with the timetable just moved up.