2 ms·
The 2009 crisis started in 2007, lasted a few years till 2010 or so and was mild compared to the effects of a complete global shutdown. There were signs of pro
by grey-area 7y ago
The 2009 crisis started in 2007, lasted a few years till 2010 or so and was mild compared to the effects of a complete global shutdown.
There were signs of problems in 2019 (yield curve inversion, failed IPOs, US QE restart), and this will take years to work out. The US stock market is currently priced as if this will be over in 1 month and everyone/everything will bounce back. Unfortunately if it goes on a few weeks more (which looks likely) the economic impacts are going to last years and no sector of the economy will be untouched.