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Kevin Street
The Plain Bagel
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Comments by "Kevin Street" (@Kevin_Street) on "The COVID-19 Stock Market Rally - Why It Doesn't Mean We're Out of a Recession" video.
Thanks for this video! It's a very important issue that we all need to be thinking about. I know the big takeaway from the video is that we shouldn't pretend we know what's going to happen, but I'm gonna make a short term prediction anyway: the virus is going to decline throughout the warmer months until at some point it becomes a low level problem and most people decide that it's over. Lockdown restrictions will gradually ease as the infection rate declines, until at some point in the summer we have things like movie theaters and restaurants again. The big question, and the real unknown, is what will happen in the fall when it gets colder in the northern hemisphere and the days start to get shorter. Will the virus come back for a second wave? If it does, how will the economy handle it? Will we be better prepared the second time and more effective at limiting spread, or will there be an even bigger economic collapse as companies that are hanging on by a thread finally give up at the prospect of a second lockdown? Or will nothing happen at all? Fall and winter are the real second act of the disaster movie we're all currently living through.
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