Re:My Thoughts About the Coronavirus: Ray Dalio
by Apocryphon on Tuesday March 03, 2020 @12:22PM
(#22476552)
Aren’t there at least applicable lessons for dealing with an economic crisis regardless of the direct causes? Or preventative measures to take during a boom time? Because it sounds like once again irrational exuberance has caught up with us and we’re about to reap the whirlwind of lack of protection.
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Re:My Thoughts About the Coronavirus: Ray Dalio
by filoleg on Tuesday March 03, 2020 @12:54PM
(#22476920)
There are none, because “economic crisis” is too large of a category to have a one-size-fits-all universal solution for dealing with it. Every type of “economic crisis” has its own cure, like a virus in a way. And the kind birthed by 2008 is as far as possible from what we are dealing with right now.
Re:My Thoughts About the Coronavirus: Ray Dalio
by justinzollars on Tuesday March 03, 2020 @01:48PM
(#22477535)
I think this is different than irrational exuberance. Maybe one could look to the 1970's oil embargo for clues on how this will play out. I really do not know. But I do know 2008 is not a good comparison because the circumstances are just so different.