Worst economic crisis since 1930s depression, IMF says
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Re: Worst economic crisis since 1930s depression, IMF says
#2And yet the stock market is already recovering. I guess "worst crisis since Great Depression" has been priced in?
Re: Worst economic crisis since 1930s depression, IMF says
#3How a pandemic of this nature was not planned for, war gamed, and drilled until we could gain SOME intuition as to the optimal actions and effects countries should take to avoid economic meltdown while doing the vulnerable population right is beyond me. The U.N. was created to promulgate this kind of cooperation, and here it has utterly failed.
Re: Worst economic crisis since 1930s depression, IMF says
#4And yet the stock market is already recovering. I guess "worst crisis since Great Depression" has been priced in?
There is always lots of volatility at a bottom. The stock market thought that the Great Depression was over quickly also.
At the end of the day, either the market is right or wrong.
Re: Worst economic crisis since 1930s depression, IMF says
#5And yet the stock market is already recovering. I guess "worst crisis since Great Depression" has been priced in?
It is unsure if it's the first and last wave
Re: Worst economic crisis since 1930s depression, IMF says
#6'Market learned to smooth out crises, because so many happened' is now least true than ever.
Re: Worst economic crisis since 1930s depression, IMF says
#7And yet the stock market is already recovering. I guess "worst crisis since Great Depression" has been priced in?
There were some bull markets within the Great Depression, so like then, maybe the green days aren't here forever and we'll test new lows.. but for some reason I feel like it'll be bad but we'll be more resilient than the Great Depression (eternal optimist!).
Re: Worst economic crisis since 1930s depression, IMF says
#8How a pandemic of this nature was not planned for, war gamed, and drilled until we could gain SOME intuition as to the optimal actions and effects countries should take to avoid economic meltdown while doing the vulnerable population right is beyond me. The U.N. was created to promulgate this kind of cooperation, and here it has utterly failed.
The UN was created so countries like the US and USSR could have a forum to talk with each other and avoid nuking the entire world. How well do you think the UN would have helped those two cold war superpowers coordinate on a global pandemic? What you're looking for is a world government, not an international forum.
Re: Worst economic crisis since 1930s depression, IMF says
#9And yet the stock market is already recovering. I guess "worst crisis since Great Depression" has been priced in?
Give it some time - way to early to say it's recovering. Yes it's gone up, like a lot but that may be temporary.
Re: Worst economic crisis since 1930s depression, IMF says
#10And yet the stock market is already recovering. I guess "worst crisis since Great Depression" has been priced in?
Taking the S&P 500 as an example, it is trading roughly where it was last May, so I guess last May’s optimism was actually “worst crisis since Great Depression” pessimism.
/s