Re:Ad Boycott of Facebook Keeps Growing
by throwaway_jobs on Wednesday June 24, 2020 @11:54AM
(#23629431)
> I am really scared that a real devastating collapse is still looming,
Eventually it will because businesses will never recover without consumers recovering. That said I don’t think it’s looming...again congress gave over $4T to the FED to stabilize the market. To put that runway in perspective consider how in 2008 we were on the brink of a total financial collapse, yet with only $1.6T used to stabilize the banks the financial collapse was turned into the longest bull market in history (over a decade) and record high markets. We are talking 2.5x that bailout this time around.
Eventually it will because businesses will never recover without consumers recovering. That said I don’t think it’s looming...again congress gave over $4T to the FED to stabilize the market. To put that runway in perspective consider how in 2008 we were on the brink of a total financial collapse, yet with only $1.6T used to stabilize the banks the financial collapse was turned into the longest bull market in history (over a decade) and record high markets. We are talking 2.5x that bailout this time around.