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by streetcat1 2278 days ago
On the contorary.

The economy is flooded with cash (3T fiscal injection + 10T form the FED). The FED basically bought most of the outstanding treasuries and injected cash into the system).

So once the virus is over (mainly due to massive testing), there might be inflation, which means that equity will be much pricier (not cheaper) in nominal terms.

I.e. if the economy was heated prior to the virus, it would be 2X heated after the virus.

In addition, there might be a shift of supply chains from china, back into the US, which means more jobs and more software.

However, we first need to get over the virus.