4 ms·
I mostly agree at this point but wonder if covid's economic impact is just getting started and there's gonna be massive unforeseen 2nd and 3rd order effects. H
by fullshark 7y ago
I mostly agree at this point but wonder if covid's economic impact is just getting started and there's gonna be massive unforeseen 2nd and 3rd order effects.
Hospitality/transportation and startups that were already in trouble (e.g. WeWork) might just be the tip of the iceberg.
Conversely, it's helped some tech companies (Amazon and Zoom) so who knows how this all shakes out.
- RedBeetDeadpool 7y agoMy thoughts are that amidst the fear, the thing is, this economy was slowed solely due to the lockdown. If there was a bubble, it hasn't popped yet. There really is no reason for the economy being in the position its in except for the virus. I doubt there will be 3rd order effects that are too devastating. The lockdown will end soon enough and the economy will thaw and start moving again, maybe even to the roaring pace it was at before all this happened ... and after all that is when we will likely see the actual once-a-decade market-correction/recession/depression.