Its very important to UNDERSTANDING THE PERSPECTIVE (PREVIOUS) ECONOMIC COLLAPSE and understand how we can work together to study things and help each other!
The first two "2" modern recessions (studied in this graph from 2000/2003 and 2007/2009) where not felt equally around the world. Most of the world's developed economies, fell into a severe, sustained recession and developed economies suffered far less impact.
(for the worlds stock markets) it is difficult to estimate the exact loss. The 2020 crash has lost several trillions of dollars of world wealth in the matter of a few short months. The MODERN AMERICAN economy is estimated to loose at least 2 trillion dollars (in government public financial aid that maybe should not be used to inflate the value of the local and currency globally). In the U.S. about 54.5% of all peoples wealth is in the stock market which is largely "controlled" by the NYSE and NASDAQ "club?" (which both have very low quality websites and provide very little "free" real time data or quotes unlike many other foreign indexes and many users rely on google and yahoo for these quotes rather then getting them directly from the indexes which may or may not be valid).
The "first global financial collapse" was caused by the ratio of household debt to "personal income" rose from 77% in 1990 to 127% by the end of 2007. This maybe wasn't the only problem.
The previous financial collapses in 2000 and 2007 started with the “beginning of bankruptcy of large investment banks mostly in New York City but also around the earth. While the public was lead to believe that these investment banks where investing "wisely" most of this was "simple debt" and irresponsible "algorithmic trading". Its also possible that "algorithms" maybe have been part of the blame for todays "very quick" crash of 2020, since today 80%+ of all "stocks" are traded using HFT (high frequency trading arbitrage and general trading algorithms).
The 2020 Economic Collapse will likely result in "finding new work" and a sharp rise in unemployment. A collapse of the tourism industry and "service industries" and general destabilization "consumerism".
Hope this helps you!
The market typically goes down and then goes up on its way down... even further... and economy work when people are friendly with each other and dont all try to "take" and have low economic pollution.
The first two "2" modern recessions (studied in this graph from 2000/2003 and 2007/2009) where not felt equally around the world. Most of the world's developed economies, fell into a severe, sustained recession and developed economies suffered far less impact.
(for the worlds stock markets) it is difficult to estimate the exact loss. The 2020 crash has lost several trillions of dollars of world wealth in the matter of a few short months. The MODERN AMERICAN economy is estimated to loose at least 2 trillion dollars (in government public financial aid that maybe should not be used to inflate the value of the local and currency globally). In the U.S. about 54.5% of all peoples wealth is in the stock market which is largely "controlled" by the NYSE and NASDAQ "club?" (which both have very low quality websites and provide very little "free" real time data or quotes unlike many other foreign indexes and many users rely on google and yahoo for these quotes rather then getting them directly from the indexes which may or may not be valid).
The "first global financial collapse" was caused by the ratio of household debt to "personal income" rose from 77% in 1990 to 127% by the end of 2007. This maybe wasn't the only problem.
The previous financial collapses in 2000 and 2007 started with the “beginning of bankruptcy of large investment banks mostly in New York City but also around the earth. While the public was lead to believe that these investment banks where investing "wisely" most of this was "simple debt" and irresponsible "algorithmic trading". Its also possible that "algorithms" maybe have been part of the blame for todays "very quick" crash of 2020, since today 80%+ of all "stocks" are traded using HFT (high frequency trading arbitrage and general trading algorithms).
The 2020 Economic Collapse will likely result in "finding new work" and a sharp rise in unemployment. A collapse of the tourism industry and "service industries" and general destabilization "consumerism".
Hope this helps you!
The market typically goes down and then goes up on its way down... even further... and economy work when people are friendly with each other and dont all try to "take" and have low economic pollution.