To: cuban leaf
. If it turned around right this minute, after it plays out it would be much worse than the credit crisis of 2008 Not true. This time there's no trillions in toxic securities to unwind. In 2008 there was that fake value on paper that disappeared. This time we have the real underlying economy with real value.
For example, why would people stop buying the latest iPhone? Before this crisis they would have. After this crisis, they will.
45 posted on
03/18/2020 7:04:22 AM PDT by
palmer
(Democracy Dies Six Ways to Sunday)
To: palmer
For example, why would people stop buying the latest iPhone?Maybe because they've lost their jobs?
51 posted on
03/18/2020 7:06:51 AM PDT by
Wissa
("Accidents don't happen to people who take accidents as a personal insult." - Michael Corleone)
To: palmer
For example, why would people stop buying the latest iPhone? Before this crisis they would have. After this crisis, they will.
If they still have a job, they might. Or if their business did not fail.
This is different than the credit crisis, yes. And death by gunshot is different from death by strangulation. But you’re still dead.
65 posted on
03/18/2020 7:16:35 AM PDT by
cuban leaf
(The political war playing out in every country now: Globalists vs Nationalists)
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