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The difference here is that in the financial crisis, The market was in a bubble. Almost anyone you would talk to at the time would tell you the Stock market has
by IAmGraydon 6y ago
The difference here is that in the financial crisis, The market was in a bubble. Almost anyone you would talk to at the time would tell you the Stock market has never been stronger. A very, very few number of people knew what was coming. Now, every armchair trader is believing they’re reliving The Big Short and they’re the main character. They fail to realize that this is literally the opposite situation- a crash that has already happened and now the subsequent recovery we’re in.
How many crashes did you know about before they happened? I’m guessing zero. You still believe this time is different.
- 9nGQluzmnq3M 6y agoYou're asserting that the crash happened (came to an end) and we're in recovery now. A lot of people, myself included, are less than convinced that's the case: believe it or not, there's still a lot of room for this to get much worse. The pandemic is barely getting started in places like India and South America, and the US is not out of the woods yet.
- tonyedgecombe 6y agoPoorer parts of the world are going to see the virus work its way through their population without much resistance. I doubt it will have the economic impact that it will in the developed world.