Subj : Re: Biggest Crash Ever!
To   : Dan Cross
From : Richard Falken
Date : Sun Apr 05 2020 02:21 am

  Re: Re: Biggest Crash Ever!
  By: Dan Cross to Aaron Thomas on Fri Apr 03 2020 07:14 am

 > I know a lot of economists.  They universally agree that
 > we are headed for a long recession, if not depression.
 > Further, the acuity of unemployment claims underlies the
 > truth about Trump's numbers: they were illusory.  Under-employed,
 > low-wage service sector jobs cut down on the rate, but
 > weren't indicators of economic strength or security.

Hello there,

I think I am going to say something, because there is a variation of this idea that is popping out every now and then and I think it is open to missinterpretation.

The core idea that is popping out is that the virus is the trigger for a crisis that was brewing already. Now, here is the thing:

Many countries are shutting down factories and services in order to prevent the spread of the infection. That means goods and services stop being available. That is a crisis in itself. When you go to the market and can't buy something you want, this is crisis. Shortages themselves ARE the crisis. Obviously, if your economic foundations were weak, the problem may be aggravated, but saying that the virus triggered the crisis that was already in the making is like saying that taking a nuclear strike was the trigger for a crisis already in the making.