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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
gwaur
on 09/05/2020, 15:27:00 UTC
Quote from: Elwar on Today at 03:15:33 PM
Quote from: nutildah on Today at 02:47:17 PM
Quote from: Elwar on Today at 02:28:02 PM
Are you new to economic downturns? First time?

Oh right, how could I forget the thousands of bodies stacked high in 2009, dead from unemployment.  Roll Eyes

"a 1 percent increase in the unemployment rate will be associated with 37,000 deaths [including 20,000 heart attacks], 920 suicides, 650 homicides, 4,000 state mental hospital admissions and 3,300 state prison admissions."

The unemployment rate currently sits at 15% and growing.


There was an increase in suicides in 2009 due to the recession.


Lean times in the country’s history didn’t correspond with more deaths, as they expected. In fact, the opposite was true. More people — babies included — died when the economy prospered.

During recession periods, the number of deaths and, to a lesser extent, the mileage-based death rate, tend to decline. (...) The number of deaths tend to increase following the end of recessionary periods.