Re:2020 Stock Market Crash
by lazyjones on Monday March 16, 2020 @02:13PM
(#22595562)
> HN and others have repeatedly pointed out numerous factors in the market that definitely were not corona, that would have caused this crash eventually. untenable levels of credit card debt, automobile debt
None of these were factors in the current crash, that's just fairy tales, magic thinking and posturing by self-proclaimed experts and ideologists who were preaching against capitalism. This crash was caused by a) dropping oil prices and b) the fears and uncertainty (well, increasingly certain negative outcome) around the impact of Cov-19 on the economy.
None of these were factors in the current crash, that's just fairy tales, magic thinking and posturing by self-proclaimed experts and ideologists who were preaching against capitalism. This crash was caused by a) dropping oil prices and b) the fears and uncertainty (well, increasingly certain negative outcome) around the impact of Cov-19 on the economy.