<story><title>2020 Stock Market Crash</title><url>https://en.wikipedia.org/wiki/2020_Black_Monday</url></story><parent_chain><item><author>nimbius</author><text>im worried this article will eventually get whitewashed into &amp;quot;corona caused the financial crisis.&amp;quot;  HN and others have repeatedly pointed out numerous factors in the market that definitely were not corona, that would have caused this crash eventually. untenable levels of credit card debt, automobile debt, and unreformed student loan structures as well as stagnant wages and rollbacks on a number of legislative efforts to police markets and protect investors.</text></item></parent_chain><comment><author>leftyted</author><text>Saying that covid-19 caused the crash is like saying that the assassination of the archduke caused WW1.  The accuracy of these kinds of statements depends on how you define &amp;quot;causation&amp;quot;.  If you follow this down, it turns into a deep philosophical question.&lt;p&gt;Also, consider that there are always people (especially on HN) predicting stock market crashes.  I&amp;#x27;m not sure it makes sense to ascribe the ability to predict the market to people who &lt;i&gt;happened&lt;/i&gt; to be right.</text></comment>
<story><title>2020 Stock Market Crash</title><url>https://en.wikipedia.org/wiki/2020_Black_Monday</url></story><parent_chain><item><author>nimbius</author><text>im worried this article will eventually get whitewashed into &amp;quot;corona caused the financial crisis.&amp;quot;  HN and others have repeatedly pointed out numerous factors in the market that definitely were not corona, that would have caused this crash eventually. untenable levels of credit card debt, automobile debt, and unreformed student loan structures as well as stagnant wages and rollbacks on a number of legislative efforts to police markets and protect investors.</text></item></parent_chain><comment><author>kaycebasques</author><text>I&amp;#x27;ve been going back and forth on this for a week. On one hand we&amp;#x27;ve been clearly headed towards a Minsky Moment &amp;#x2F; Big Debt Crisis for years. On the other hand, the impact of COVID-19 on the real economy is &lt;i&gt;&lt;/i&gt;unprecedented&lt;i&gt;&lt;/i&gt;. A sudden, global halting of all in-person social interaction??? Wow.</text></comment>