Quote:
Originally Posted by afc wimbledon
The major difference I suspect will be the time it takes to 'fix', in 2008 it was a measurable relatively easy problem, shovel a ton of money at it and problem solved, markets rebound and all the underlying debt problems that are kicking us, once again, in the nads go away until now.
I suspect this will not work for this just due to the impossibility of knowing what the economic effect of the virus is going to be, my guess is this bottoms out and stays flat until the virus is no longer a factor in the economy, whether it then rebounds or we crawl along slowly is any ones guess.
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Exactly. Employers are going to feel the pinch very quickly. So either the employer fits the bill if they can, or the government will have to support people. It's a pretty wild situation to be in. I suspect the market tomorrow will be terrible as nobody wants to hold stocks over the weekend not knowing what else will be announced. Tough situation for everyone.