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by doggodad
2269 days ago
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Day-to-day: When there's a vaccine, in about 18-36 months. If you look at the data, there will likely be multiple lockdowns in order to "reset the clock" on the pandemic curve, but it will probably be like Groundhog Day to lesser degrees over-and-over again with smaller pandemic curves until there's a vaccine. Overall, a million dead globally before a vaccine is deployed. Economically: 10 years (a long time) because bouncing back isn't possible when ancillary businesses close and cause others to close. Right now, unemployment is going to around 35% whereas the Great Depression peaked at around 23-25%. This is, in essence, the Greater Depression. There were most recently structural problems and the global economy was overdue for a contraction, but not to the depths as being experienced without a pandemic; in essence, it is a forcing function that artificially-depresses economic activity in a lasting manner. Overall: Not everything will be the same, but some things will. Don't let fear or magical wishful-thinking be guiding forces. |
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