I'm not worried. The free market will take care of it!

Cam:

Virus ravages the world ...... zzzzzz
Trump administration botches the response ...... zzzzzzz
2 trillion dollar deal winds its way through congress ......... zzzzzzzz

Democrats mention race

Its a good thing the markets are very free and existing at the moment so there won't be any devastating economic problems to worry about.

https://twitter.com/BresPolitico/status/1242299331169923074

NEWS - Mnuchin has agreed to “significant oversight” over $500B “Exchange Stabilization Fund,” per 3 sources. This is a major issue for Democrats, who called it a “$500 billion slush fund” with no accountability.

/2 Schumer also said the Democrats’ “Marshall Plan for hospitals” is “very, very strongly in the bill.” Democrats had been pushing for hundreds of billions more for hospitals & health-care providers.

Cam: makes joke about demon rats pushing completely ridiculous policies in an emergency bill during a pandemic

Thor: LEAVE DEMOCRATS ALONE! RACIST!

So the US has lost several trillion in wealth due to markets shutting down. How many lives would have to be saved for it to be worth it? A million? 10 million? 100K? What's your number?

I think the main issue is that if we did NOTHING people would panic anyway which would cause an economic collapse. Finding the right balance is difficult in these circumstances.

Seriously: who the fuck cares about the stock markets right now? As soon as the pandemic is under control on the medical side and public and economic life get back to normal, the stock markets will rally back to a reasonable level. Perhaps not back to the inflated levels we had pre-crisis, but at the very least to something reasonable. And all the astronomical government spending and debt making around the world might inflate stocks once again very quickly.

The real economic dangers are twofold: first, there's the risk that tons of previously healthy small- and medium-sized businesses will have to close down forever and take their jobs down the ether with them. Second, there's the risk that a large amount of businesses and individuals going into bankruptcy all at once might bring down exposed banks, causing further dominos to fall and, in the end, trigger a new financial crisis.

On the list of our worries, the stock markets dont even make the top 30 right now if you ask me.

This post was edited by Black XistenZ on Mar 24 2020 01:11am

I agree. I am not saying nothing should have been done.
Im just saying its obvious the market is very far from free and open right now. If it remains that way for long it will be a disaster and will have its own cost in lives.

Holding up solutions and keeping markets closed / hampering them further by trying to force through diversity boards and green new deal bullshit is sinister.
Would you agree that is far away from any reasonable balance or solution?

The world is sitting on a ton of bubles. This could make them pop, and watching them explode would be so much fun.

A lot of people are saying something along the lines of "this is//will lead to a controlled reset of 'the system'".