We may not have a stable economy until we have a broad spectrum antiviral vaccine that protects again SARS-CoV-2 and the ever more deadly viruses that are evolving.
The “welfare for the wealthy” mode has not made the economy stronger. It’s just propped it up until the financial crisis. We seem to have an economy with zero resiliency — no rainy-day fund, no loan rates that can be lowered, no workers with living wages and emergency savings accounts — as all the resources/defenses were exhausted by the resident needlessly attempting to make a bull market better.
This pandemic (and others yet to come) are economically disruptive events that may permanently change the market. This is not a good time to invest in sectors that may not be relevant in the future.
We may not have a stable economy until we have a broad spectrum antiviral vaccine that protects again SARS-CoV-2 and the ever more deadly viruses that are evolving.
The “welfare for the wealthy” mode has not made the economy stronger. It’s just propped it up until the financial crisis. We seem to have an economy with zero resiliency — no rainy-day fund, no loan rates that can be lowered, no workers with living wages and emergency savings accounts — as all the resources/defenses were exhausted by the resident needlessly attempting to make a bull market better.
This pandemic (and others yet to come) are economically disruptive events that may permanently change the market. This is not a good time to invest in sectors that may not be relevant in the future.