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Originally Posted by Jason14h
I think you are severally over reacting . The US will just keep printing money to ensure people can pay their bills and consume .
Massive death tolls ? Let’s not pretend the death tolls are massive .
Guess how many people have died in the last 6 months from influenza ? Up to 60k in the US
https://www.cdc.gov/flu/about/burden...-estimates.htm
How many people total have died of Corona Virus worldwide? 25K
This isn’t to downplay the potential severity , but throwing around statements like
“Massive amounts of deaths “ is a bit dramatic |
The daily death rate from Corona is now 2 times flu and US deaths haven’t really started yet so it’s certainly going to get worse.
I think we have one more massive (more than 10% plunge) before we start the gradual recovery. There will be some kind of panic moment that will trigger the markets in a similar way that the NBA canceling the season triggered the last one.
There is no data so the markets are running on emotion right now.
But even if it takes six months to get this under control you will see the market slowly recover over a few years at the longest.