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Table 5 · 03-31-2020, 10:11 AM

I was in living in NYC during the financial meltdown of 2008, so perhaps that amplified the noise, but in many ways that was much more troubling economically. It was an internal collapse of the entire financial system based on layers of terrible decisions, and shook the foundation and trust of the entire backbone of the US (and therefore the world).

The effects of Coronavirus, on the other hand, was brought on by external forces, at a time when the economy was doing well (at least in the US). There will be of course still be major repercussions, but at least it will be mostly because of economic inactivity, as opposed to a crisis of faith in the entire system.

I think we're extra-hooped in Alberta because the collapse of oil on top of things, but I think many in the US see this more like a pause, as opposed to a total re-assessment of everything they believe. At least, that's my hope!

03-31-2020, 10:11 AM	#758
Table 5 Franchise Player Join Date: Oct 2001 Location: NYYC Exp:	I was in living in NYC during the financial meltdown of 2008, so perhaps that amplified the noise, but in many ways that was much more troubling economically. It was an internal collapse of the entire financial system based on layers of terrible decisions, and shook the foundation and trust of the entire backbone of the US (and therefore the world). The effects of Coronavirus, on the other hand, was brought on by external forces, at a time when the economy was doing well (at least in the US). There will be of course still be major repercussions, but at least it will be mostly because of economic inactivity, as opposed to a crisis of faith in the entire system. I think we're extra-hooped in Alberta because the collapse of oil on top of things, but I think many in the US see this more like a pause, as opposed to a total re-assessment of everything they believe. At least, that's my hope!