/biz/ - Business & Finance

>>18084998
GDP of 2.751 trillion, 6th largest economy in the world.

E X T R E M E L Y
B U L L I S H

I've never seen the futures break in half like that during day trading since 2008.

Presuming a cure happens, it's still going to have devastated the US Economy (and presumably the global economy as well) and we haven't even seen the worst effects yet.

As of right now, hospitals getting flooded and swamped with people means more and more groups of people are getting infected simply because they want to make sure they aren't infected. Asymptomatic carriers continually mingle and spread the disease because they don't "feel" sick when it takes weeks of gestation to actually begin affecting the body. Even after we've seen the mythical "cure" just appear someday, you'll have people walking around acting like this virus never existed, coming in contact with either asymptomatic carriers or people in later stages, thus enflaming the situation when you start seeing elderly get infected under the presumption of "Oh I can just take the cure and I'll be fine!". That's not how viruses work, and you'll see the second wave (out of several) of quarantines, shutting businesses down yet again.

The mass-layoffs presently occurring are reactionary, and soon they will spike when it becomes layoffs based on necessity and incapability of running businesses, meaning unemployment levels eclipsing the Great Depression in a society where inability to pay for basic essentials has virtually zero alternatives. People are not going to be eager to start new businesses on the local level due to lack of lower class income, and this will lead to stagnation around the bottom. The only people who will have a constant flow of income are "essential" businesses, streaming/virtual services, and a small minority of entertainment businesses. All of this is presuming we do not see riots and looting due to all of the impending resource depletion and fallout.

We haven't even gotten over the hill to see how bad the horizon can be yet, and we already can smell the smoke. It's going to be hell. Maybe not apocalyptic, but it will absolutely be terrible in the best of situations.

>Down 60% from initial investment

>>8234243
Is this 1$ per token rumor true?

>>5420308

thanks, do you think all this falling will be over within 6 hours? i'm tired but don't want to miss the moment.