I don't even know where to start with that batch of naivette. You want to make it sound as if there wasn't any un-ordinary causation of effect going on here. Right now about the only big kick I am getting out of this whole thing is laughing at all the "stock experts" predicting a huge crash by the global banking system caving in on itself...week after week you hear the same thing and what takes down one of the worlds biggest economies?....a fricken virus. A virus. No where in the last several years did I ever hear them say a vicious virus would take down the global economy. So yeah, it's laudable at best that a bug takes down a huge economic power, the stock market and the oil industry and seems to be well on it's way to destroy a whole lot of others. If we are lucky and it warms up hopefully this thing will go away and we'll see a rebounding recovery.
Our medical facilities aren't overwhelm at this point, nor if they became overwhelmed would it have to do with the economy. We don't or won't have any shortages in regards to there being a lack of financial resources as you make it sound but rather because of a highly unusual overly aggressive virus. People weren't out there hoarding mask from the medical industry either. Hospitals order their stuff from companies who produce medical grade equipment. Those facilities operate on a whole different level of protocol for sensitization reasons, they don't call up Home Depot and have them delivered. That's where people were getting them, from the likes of Home Depot, Menards and at their local hardware stores. Those mask are industrial grade n95 mask but they don't have to be produced under the procedures called for by medical facilities. The difference is one is going to be used in operating rooms and the other is going to be used in dirty filthy jobs like dry walling to filter out all particles of dust. They are made of the same grade of material but manufactured under different criteria. It wasn't until the administration started looking for more supplies of medical grade mask did they realize they were also produced for industrial application and put in an emergency order and commandeered them all, so your assumption that individuals were hoarding medical grade n95 mask made for the medical profession isn't true, people were buying the mask from the industrial sector until an emergency decree was put in to commandeer them for emergency use by the medical profession.
You don't understand what a crash is. Crashes are caused by external factors, and because the market is based on speculation rather than actual growth, this factor, be it disease, drought, war, etc., these external factors cause the market to lean on itself, and when they do this without support, they collapse.
You're naive to think that a catastrophe isn't a predicable cause of a recession.
@tipu curate
Upvoted 👌 (Mana: 5/15 - need recharge?)
I don't even know where to start with that batch of naivette. You want to make it sound as if there wasn't any un-ordinary causation of effect going on here. Right now about the only big kick I am getting out of this whole thing is laughing at all the "stock experts" predicting a huge crash by the global banking system caving in on itself...week after week you hear the same thing and what takes down one of the worlds biggest economies?....a fricken virus. A virus. No where in the last several years did I ever hear them say a vicious virus would take down the global economy. So yeah, it's laudable at best that a bug takes down a huge economic power, the stock market and the oil industry and seems to be well on it's way to destroy a whole lot of others. If we are lucky and it warms up hopefully this thing will go away and we'll see a rebounding recovery.
Our medical facilities aren't overwhelm at this point, nor if they became overwhelmed would it have to do with the economy. We don't or won't have any shortages in regards to there being a lack of financial resources as you make it sound but rather because of a highly unusual overly aggressive virus. People weren't out there hoarding mask from the medical industry either. Hospitals order their stuff from companies who produce medical grade equipment. Those facilities operate on a whole different level of protocol for sensitization reasons, they don't call up Home Depot and have them delivered. That's where people were getting them, from the likes of Home Depot, Menards and at their local hardware stores. Those mask are industrial grade n95 mask but they don't have to be produced under the procedures called for by medical facilities. The difference is one is going to be used in operating rooms and the other is going to be used in dirty filthy jobs like dry walling to filter out all particles of dust. They are made of the same grade of material but manufactured under different criteria. It wasn't until the administration started looking for more supplies of medical grade mask did they realize they were also produced for industrial application and put in an emergency order and commandeered them all, so your assumption that individuals were hoarding medical grade n95 mask made for the medical profession isn't true, people were buying the mask from the industrial sector until an emergency decree was put in to commandeer them for emergency use by the medical profession.
You don't understand what a crash is. Crashes are caused by external factors, and because the market is based on speculation rather than actual growth, this factor, be it disease, drought, war, etc., these external factors cause the market to lean on itself, and when they do this without support, they collapse.
You're naive to think that a catastrophe isn't a predicable cause of a recession.
You missed the point relative to other causes it's extremely rare to have a "disease" reek this kind of havoc. Almost unheard of.