, that the economy, full of companies with huge amounts of triple-B rated debt, is heading toward a massive recession if not a depression. This will drive the stock market further south. Indeed, I think we'll see the market drop 50% or more from its peak in a few days. That's an S&P Index value of roughly 1700.
To get a sense of what might happen to our service sector as well as industrial production, digest the latest figures from China.over just the past two months. China's decline in industrial output was 13%. To put these reports in perspective, the drop, from peak to trough, in US total real GDP in the Great Recession was only 3%. The peak to trough reduction in output in the Great Depression was 25%. Hence, the service sector in China is already in depression territory.
The real question about a potential depression is how long it will take to control the virus. There are four methods. Method 1: Tell the president to use his magical powers. He says he has control of the virus. Let him show us. Method 2: Let it run wild. Have as many vulnerable people die as needed, leaving survivors with herd immunity. That's inviting a holocaust, make no mistake. But so far that's this is the President's plan.
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Panic and fear will do more damage than the virus. Lets face it, even if 3% of all the people of the world would die (which is not the case as not all will be infected) it means that 97% will survive... how is that for a full vase ? very sad but totally viable !! We must go on!
Why not ask how soon can it come back? We have enough doom and gloom articles. Please try a positive spin. There must be one.
there's a story Rockefeller was broke when approved for the formation of federal reserve. he had 3 weeks to come up with the backing money. the stock market crashed and then he had the money he needed.
He seems like a Nostradamus and ready and willing to toot his own horn
If you feel compelled to ask, are we prepared for the answer?
Oh! Charming...
Another Great depression incoming...
to deeper
A lot.
Like a 12 year old girl falling in love
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Source: BusinessInsider - 🏆 729. / 51 Read more »