For the first time in a decade, there will be no YouTube Rewind this year

scavengerspc

Posts: 1,328   +1,245
TechSpot Elite
Even the earliest prognosis for a vaccine being deployed is many months away.... by then, millions will have lost their jobs, etc... I don’t see how you can see ANY paths that don’t include a major recession.
Yeah but I still think the worst hit to the economy was back in the spring and summer when the prospects for a vaccine were near 0. I'm hoping the current market trends continue. Just since late October, the index is up near 3000 points. But then again we are headed for some dark days with the virus so that news and the prospect of the vaccine will probably have a tug of war with our economy.

See. Told you I was no expert.

Now my daughter-in-law tells me the vaccine could have some nasty side effects so who knows what kind of hit that will cause on the market.
 

Squid Surprise

Posts: 4,097   +3,254
Yeah but I still think the worst hit to the economy was back in the spring and summer when the prospects for a vaccine were near 0. I'm hoping the current market trends continue. Just since late October, the index is up near 3000 points. But then again we are headed for some dark days with the virus so that news and the prospect of the vaccine will probably have a tug of war with our economy.

See. Told you I was no expert.

Now my daughter-in-law tells me the vaccine could have some nasty side effects so who knows what kind of hit that will cause on the market.
Well, I really hope you’re right - but the economy has already started to stall in many markets... and all signs point to markets continuing to plummet...
Cases in most countries are RISING, as are fatalities... the next several months are almost certainly gonna suck... but here’s hoping I’m wrong!
 

Karlos95

Posts: 180   +113
COVID-19 hurt the economy badly. As a vaccine for prevention becomes available and other drugs for treatment continue it will be a strong positive. I'm no expert but I see no path to a 40% crash. Or even a minor crash really.
I saw one coming before covid hit. Too much debt, interest rates all time low, wages stagnate, house prices through the roof. This was all before "COVID" hit. Now the carry on effect will be much worse. Way too much stimulus propping up the markets that really aren't doing much.

History will repeat and people will wonder how can this happen, simple, they didn't learn from the last one, or the one before that.