News for hackers. Stuff that matters.

A comment on Effect of economic crisis on America’s small businesses [slides]. Parent comment

Re:Effect of economic crisis on America’s small businesses [... by marvin on Saturday March 21, 2020 @05:48AM (#22645529)
Some of this economic damage is also the result of toppling imbalances that have been artificially propped up since before 2008.

The virus is just a convenient excuse; a crisis would have hit at the first sign of trouble.

[ Parent | on HN ]
Re:Effect of economic crisis on America’s small businesses [... by Zach_the_Lizard on Saturday March 21, 2020 @01:30PM (#22648143)
> The virus is just a convenient excuse; a crisis would have hit at the first sign of trouble.

Sure, the market was seeming to be overheated and due for a correction.

Without the virus, maybe it's 2008.

With the virus, it's starting to feel like 1929 again.

Huge numbers of people are unemployed right now that wouldn't be in a normal recession.

Wait till the unemployment numbers come out.

[ Parent | on HN ]