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COVID is a temporary shock. It's a dump on 1 years earnings, that everyone feels they can 'write off'. Investors/Fed/Gov may not see it as a secular shift. S
by jariel 6y ago
COVID is a temporary shock.
It's a dump on 1 years earnings, that everyone feels they can 'write off'.
Investors/Fed/Gov may not see it as a secular shift.
So as soon as they see light at the end of the tunnel, then it's 'a matter of time to normalcy' so a rush to get back into the money.
A major war would be a different thing because it could mean a secular shift in the system.
A massive housing bust as well, because nobody knows what comes afterwards.
- Apocryphon 6y agoAnd what if COVID turns out not to be a temporary shock? Say worse strains mutate, vaccines fail, or another new disease catches on.
- imtringued 6y agoWell, it's pretty obvious. If the disease wins it wins. It will kill people and that's all there is to it. Young people will argue that the victims were older people who had less lifespan left than them. It will also help with aging populations, retirement schemes and free up the housing market. Economically it might not be significant at all. I personally don't like to see people dying, I would want them to live a little bit longer even if they are a burden to me.