Re:A Long Time Until the Economic New Normal
by rwmj on Friday April 10, 2020 @10:35AM
(#22833408)
The markets - after a welcome and long overdue correction - are up a few percent, so people seem to be buying in on the expectation of things getting back to normal. Prices seem to be back to 2016/2017 levels. This doesn't indicate to me that people with money believe we're in for a great depression.
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Re:A Long Time Until the Economic New Normal
by mzarate06 on Friday April 10, 2020 @11:16AM
(#22833856)
The markets are up much more than a mere few percent.
Going off closing lows, the SPY is up ~25% from it's ~223 close on 23 March. The Nasdaq Composite is up ~19%. That puts them back at mid-late 2019 prices, not 2016-2017 levels.
This all agrees w/your latter point - investors are already bullish again - but I wanted to add data points to supplement the market has recovered much faster than some people realize.
Re:A Long Time Until the Economic New Normal
by csomar on Friday April 10, 2020 @10:43AM
(#22833489)
Or the $ doesn't buy as it used to in 2016/2017.
Speaking as someone who is paid in £, I can tell you I'd much rather be paid in $, especially since the Brexit vote. You guys don't know how lucky you are.
Re:A Long Time Until the Economic New Normal
by frockington1 on Friday April 10, 2020 @11:43AM
(#22834168)
At least the Brexit vote was relatively clean in terms of currency with them using the pound. If/when an euro-country things may be even more volatile