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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="CuseJacket" data-source="post: 709081" data-attributes="member: 274"><p>Thanks [USER=3034]@684Bee[/USER] and [USER=2897]@bwelbo[/USER] for the thoughts. Ultimately I think it's the million dollar question. Or rather, the multi-trillion dollar question. If anyone knew the answer, they'd be able to retire in a year and endow GT athletics budget in perpetuity.</p><p></p><p>Spitballing now... </p><p></p><p>What strikes me as different about the current economy vs. other recession/depressions is that the root cause is a non-partisan, common enemy. That enemy is a virus. It is difficult for politicians to do anything other than work together. It wasn't wall street, it wasn't corrupt business/lack of oversight, and it was largely unpreventable.</p><p></p><p>I continue to hear public and private examples of companies intentionally taking losses right now and betting that the government will cut a check to cover it, which effectively turns into operating margin. That is frustrating, as we're all paying for it. At some point, those shenanigans will be exposed, leading to social/political pressure.</p><p></p><p>Really tough to make a projection on when we've passed the worst.</p></blockquote><p></p>
[QUOTE="CuseJacket, post: 709081, member: 274"] Thanks [USER=3034]@684Bee[/USER] and [USER=2897]@bwelbo[/USER] for the thoughts. Ultimately I think it's the million dollar question. Or rather, the multi-trillion dollar question. If anyone knew the answer, they'd be able to retire in a year and endow GT athletics budget in perpetuity. Spitballing now... What strikes me as different about the current economy vs. other recession/depressions is that the root cause is a non-partisan, common enemy. That enemy is a virus. It is difficult for politicians to do anything other than work together. It wasn't wall street, it wasn't corrupt business/lack of oversight, and it was largely unpreventable. I continue to hear public and private examples of companies intentionally taking losses right now and betting that the government will cut a check to cover it, which effectively turns into operating margin. That is frustrating, as we're all paying for it. At some point, those shenanigans will be exposed, leading to social/political pressure. Really tough to make a projection on when we've passed the worst. [/QUOTE]
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