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| Topic | Coronavirus topic 7: Biohazard |
| Wanglicious 04/17/20 5:49:03 PM #52: | Jakyl25 posted... How do you define that though if the stock market continues to rebound as it has been unemployment. the stock market is trying to prop itself up with people jumping in and out but if people aren't working a lot of those numbers are gonna have a hit sooner than later. Great Depression had unemployment at about 25% at its worst, this is 1933. but 1931 was 15.9%. highest since then was 2009 with 9.9%. but right now we're already estimating to be at around 15% with 22 million out and expecting millions more soon. meaning, by this time next week we should have surpassed 1931's per capita numbers. if we do not find a way to get out of that, it spirals downwards, which in turn means time for more market crashing. we do have systems in place to help with this now that we didn't back then, unemployment payments are immensely helpful here, we're basically printing money that would normally be used in the economy to sustain it. we shouldn't expect much, if any inflation out of this if it's done in the short term. --- "Maybe it's a tentacle, molesting the planet itself. - Aschen Brodel. ... Copied to Clipboard! |
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