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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No. I do not think there will be a great depression. There will be a temporary hit for 1 or 2 years, but the world will rally after that. Mainly because this is quarantining in place for a disease that is not killing like Black Death. Once a vaccine is formulated world will rally back very quickly. If Govt helps out individuals (instead of industries) and every one goes in a frozen/holding pattern, we will be fine. I do think that some industries will go down and some other industries will come up. This is not a weather related disaster. We are not in the shoes of Puerto Rico after the Hurricane hit and Trump did not help. We are still sheltering in place with our families, in air conditioned homes, with wifi and food. This is basically...a vacation for many. [/quote] Agreed. Recession, yes, definitely not another Great Depression. Even in quarantine, our lives are cushy. Gyms are live streaming classes, grocery delivery is a thing, we have wifi, etc. We're just so privileged that any sacrifice feels catastrophic to some. I'm not just picking on others either. I've had to check my own privilege during this time about what constitutes a necessity. The markets will rebound and those of us who stayed the course will be rewarded for it.[/quote] Whatever drugs you are taking I want in![/quote]
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