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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="684Bee" data-source="post: 708913" data-attributes="member: 3034"><p>This is such a unique situation we are in. The weakening of the economy and all the job losses was a very quick, purposeful thing. Businesses either voluntarily shut down or scaled way, or they were forced to, and it wasn't gradual. It was a very abrupt thing. The economy was doing good. Everyone I talked to (across different sectors) was having a good year so far. Now, how quickly will that come back? U-shaped or V-shaped recovery. If I had to guess, I'd say U-shaped is more likely, and a lot of it is due to what a big psychological hit we all just took. A lot of people will be fearful to venture back out to "normalcy".</p></blockquote><p></p>
[QUOTE="684Bee, post: 708913, member: 3034"] This is such a unique situation we are in. The weakening of the economy and all the job losses was a very quick, purposeful thing. Businesses either voluntarily shut down or scaled way, or they were forced to, and it wasn't gradual. It was a very abrupt thing. The economy was doing good. Everyone I talked to (across different sectors) was having a good year so far. Now, how quickly will that come back? U-shaped or V-shaped recovery. If I had to guess, I'd say U-shaped is more likely, and a lot of it is due to what a big psychological hit we all just took. A lot of people will be fearful to venture back out to "normalcy". [/QUOTE]
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General Investing and Economics Discussion - No Politics
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