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While the economy is based on fundamentals, a lot of the economy is based on emotions and psychology. If most believe there will be a depression, chances are there will be regardless of the strength or weakness of the underlying economy. If most believe there will be a rebound...
....chances are there will be. Regardless of the strength or weakness of the underlying economy. As of right now, we have no idea how it will all shake out. Maybe, I have a misplaced faith in God, the American people and the can do spirit in this nation.
Maybe, I have optimism bias. Maybe, I don't. Time and only time will tell. No human knows the future. No one. It doesn't matter if people are using virus models or economic models both are based on assumptions that are probably not correct. So believe the worst case if u want on
...the virus or the economy or our freedom. I don't do worst cases. It's just not in my DNA. You should be aware of the worst case estimates and plan to mitigate the worst case but life experience has taught me the worst case very, very rarely happens.
