San Diego Housing Market News and Analysis
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Submitted by zk on March 20, 2020 - 8:48am
I would like to hear some opinions and ideas on the effect of all this social distancing on the economy and the stock market.
In California, we basically just shut down the economy. Right? Am I wrong about that? Basically you can't even commute to your job unless it's in one of...
In most of the rest of the country, most businesses are suffering terribly just by virtue of people staying home.
When has an economy been shut down this suddenly and to this degree before?
In my completely-uninformed and probably-wrong opinion, it seems like the stock market should be down more than 30% from the overvalued-to-start-with (in my uninformed opinion) highs of a few weeks ago.
I get that the social distancing should only last a month or four or five. But does that mean the effects on the economy won't be long-lasting and drastic?
The stock market seems to have settled for this brief time at around 30% down.
Who thinks it'll go up or down from here and why?
Will there be a recession? If there is, will it be severe?
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