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To: Pelham
If you think this is going to be another Great Depression you’re panicking needlessly.

The Coronavirus won't cause it, the panicked and hysterical reaction to it...

67 posted on 03/18/2020 6:23:00 PM PDT by higgmeister ( In the Shadow of The Big Chicken)
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To: higgmeister

The coronavirus panic will make a whole lot of people poorer. But it can’t inflict the sort of damage that creates a Great Depression. The exploding mortgage bubble of 2008 had potential to bring down the banking system and we dodged a bullet there.

The covid panic and closing of so many businesses will create a huge drop in “demand”. The government’s reaction will be a massive “demand stimulus”- sending a check to everybody and granting tax breaks to small businesses. The idea being that it will jump start a damaged economy.


73 posted on 03/18/2020 7:38:48 PM PDT by Pelham (RIP California, killed by massive immigration)
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