04-17-2020, 10:36 AM
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#33
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The Dictater
Join Date: Apr 2017
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Quote:
Originally Posted by Irace86.2.0
The death total was based on projections from scientists if people failed to take action. People took action. You can call it overinflation, but that would have been our reality. We prevented it.
You’re making a false comparison is what I’m saying. You’re using one metric to gauge the economy. I’m suggesting the 2008 recession, or we could talk about the depression, were based on deep seeded systemic problems in the financial structure. Someone could make an argument that there is subprime lending in the auto industry, high student loan debt and a more stable, but nevertheless, housing bubble that could cause investors to gain a loss in confidence in the midst of this pandemic, and those things could be problematic, but I think the situation is far less dire, and the end of the pandemic is a light at the end of the tunnel for investors.
The Dow gained 800 yesterday or something. We will see, but again, I believe the situations are false comparisons.
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To be fair, I used the metric as a visual representation of how this is different than the 2008 recession, not Tcoat. Perhaps I illustrated his point ineffectually, but I trust his observations and conclusions over armchair generalizations by someone who is not in the automotive production industry.
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