Hacker News new | ask | show | jobs
by scarface74 1260 days ago
You wrote

> So far, in this one specific downturn, sure. There is however a strong historical correlation between market downturns and widespread unemployment.

Statistics show just the opposite

1 comments

Of course they don’t, that’s not what your articles say. Did you read them? They, respectively, say that the market is forward-looking and that major gains are made after downturns.

It can simultaneously be true that major gains are made after downturns and that there has historically been a strong correlation between downturns and unemployment.