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It definitely is. The Austrians are very prepared for this crisis, and it seems like it was useful to some people shorting in 2006-2008.
by oDot 7y ago
It definitely is. The Austrians are very prepared for this crisis, and it seems like it was useful to some people shorting in 2006-2008.
- ace32229 7y agoThe Austrian school predicted a disease-related economic crisis?
- oDot 7y agoThe Corona virus is just a pin to a bubble that's there for years. See my other comment explaining this.
- IAmGraydon 7y agoIn what ways are they more prepared for this crisis than anyone else?
- oDot 7y agoMost Austrians I've heard see this to be a dollar crisis: US has huge debt -> No US politician will ever default on it -> They will print money to pay it -> Dollar loses value. That's fairly simplified but I hope you get the point. Since they see this as a dollar crisis, they are busy buying gold, silver, gold stocks, and assets in countries that have dollar-denominated debt. I'm going to add my 2 cents here and say that in my opinion, if the Corona situation will be solved quickly enough, or at least be perceived to be solved by the public, a rush of optimism will allow the fed to inflate the bubble and postpone (and worsen) the depression.