<story><title>Worst economic crisis since 1930s depression, IMF says</title><url>https://www.bbc.co.uk/news/business-52236936</url></story><parent_chain><item><author>baby</author><text>The increase we’ve seen in the last two weeks make zero sense to me. It’s almost making me lose trust in the market as I feel like it’s rigged. We’re in a complete state of unknown, nobody knows when this will be over, unemployment raises like crazy, the US now realizes that coronavirus is hitting them the hardest...</text></item><item><author>mLuby</author><text>And yet the stock market is already recovering. I guess &amp;quot;worst crisis since Great Depression&amp;quot; has been priced in?</text></item></parent_chain><comment><author>blhack</author><text>The increase in the last two weeks is because it&amp;#x27;s becoming obvious that:&lt;p&gt;1) The US&amp;#x27;s response to this was competent.&lt;p&gt;2) The measures put in place are working.&lt;p&gt;3) The projections are improving &lt;i&gt;substantially&lt;/i&gt;.&lt;p&gt;4) The time horizon is shrinking.&lt;p&gt;5) We are starting to understand how to treat this.&lt;p&gt;(+ &amp;quot;in the us&amp;quot;).&lt;p&gt;Two weeks ago we were looking at places like Italy, and extrapolating that the US could see deaths in the &lt;i&gt;millions&lt;/i&gt;.  A week ago that projection went down to 100-200k, and yesterday it went down to 60k.  &lt;i&gt;Obviously&lt;/i&gt; that is still a massive catastrophe, but it&amp;#x27;s nowhere near the catastrophe we were fearing two weeks ago.&lt;p&gt;Additionally, the writing is on the wall that manufacturing is going to be moving away from China as much as possible in the near future.  Much of that, for American companies at least, is going to come back to the US, probably at the hands of massive tariffs.&lt;p&gt;That&amp;#x27;s all good news for the US economy.&lt;p&gt;&amp;gt;US realizes the coronavirus is hitting them the hardest.&lt;p&gt;Where did you hear this?  It is absolutely not true.</text></comment>
<story><title>Worst economic crisis since 1930s depression, IMF says</title><url>https://www.bbc.co.uk/news/business-52236936</url></story><parent_chain><item><author>baby</author><text>The increase we’ve seen in the last two weeks make zero sense to me. It’s almost making me lose trust in the market as I feel like it’s rigged. We’re in a complete state of unknown, nobody knows when this will be over, unemployment raises like crazy, the US now realizes that coronavirus is hitting them the hardest...</text></item><item><author>mLuby</author><text>And yet the stock market is already recovering. I guess &amp;quot;worst crisis since Great Depression&amp;quot; has been priced in?</text></item></parent_chain><comment><author>icelancer</author><text>A bunch of people sold off in a panic, a lot of volatility hit, people like Buffett bought at the bottom (and publicly advised others to do so), so who knows.&lt;p&gt;Unemployment is artificially high for now. Companies are incentivized through PPP to lay people off, especially with UI bonuses.</text></comment>