Quote from: The Pharmacist on March 29, 2020, 07:03:21 PM

Quote from: rambogoham1 on March 25, 2020, 04:01:55 PM

The United States will be in a recession. The question is, will this be a 1987 type of recession or a 2008/2009 type of recession.

I'm not so sure about that, and I'm also questioning whether there was any type of recession in 1987. I'm aware that the stock market plunged in October of that year, but it rebounded relatively quickly and the bull market didn't implode until April 2000. That crash in 1987 wasn't even related to the economy if I remember correctly--there were a lot of folks blaming it on programmed trading.

they say it was a black swan caused by algorithmic trading. there was no recession afterwards, but i think that speaks past what rambogoham1 is saying: could this be another black swan event followed by a hasty recovery like in 1987, or is it a more prolonged and much more painful collapse like 2008?

looking at the all the headlines and projections, the situation in the USA is gonna get much worse over the next couple weeks. i'm betting on something more like 2008.

Quote from: The Pharmacist on March 29, 2020, 07:03:21 PM

And yeah, unemployment has spiked but there's a very clear cause for that--a lot of businesses have been forced to shut down. That's not a permanent thing, though.

but how long could it last? that's what the markets are freaking out about.