Crisis after the epidemic

[Kong Hey Pakboy]

How long do you think the crisis can last after the epidemic?
What are the most likely events to occur?

After this pandemic, there will be a lot of changes that will be happening that it will take for us to get back to normal. We might be living our daily lives in the new normal which we mostly be doing safety precautions for us to know if the virus is totally cleared. It is also difficult for third world countries to build up their economy that it will take a long time for them to rise up.

[TastyChillySauce00]

How long do you think the crisis can last after the epidemic?
What are the most likely events to occur?

The curve of the pandemic has not shown a drastic decline, it is feared that there will still be a second wave. In my opinion, the impact of the crisis will be felt until the end of the year. a possible scenario is that state debt to the world bank will increase because it is a choice that will be taken to overcome the impact of the financial crisis due to a pandemic.

when all the governments follow US step to open up economy before the pandemic offer, second wave will become more likely to happen. the economy might survive but at the cost of thousands people who dies from the pandemic until the effective vaccine is invented. we living in a tough condition right now.

[Betwrong]

~

i guess it depends what source you look at. the WHO said the surge a few days ago (2909 deaths) was the highest on record.
https://www.businessinsider.com/us-records-highest-daily-death-toll-states-start-reopening-economy-2020-5

and that's after 6-7 weeks of locking down.

I normally look at this source

https://www.worldometers.info/coronavirus/

and I'm a bit surprised that data vary(although not that significantly, fortunately). Anyways, even my source is telling now that there were 2,528 deaths yesterday in the US, which is a lot, and it may look like indeed the second wave is coming. Now I only hope that it will be easier to overcome it with the knowledge and experience gained from the past days. But we'll see what happens. You were right, there's still lots of uncertainty.

And yeah, the markets react accordingly:

Only Bitcoin and Apple is up today.

[matchi2011]

How long do you think the crisis can last after the epidemic?
What are the most likely events to occur?

The curve of the pandemic has not shown a drastic decline, it is feared that there will still be a second wave. In my opinion, the impact of the crisis will be felt until the end of the year. a possible scenario is that state debt to the world bank will increase because it is a choice that will be taken to overcome the impact of the financial crisis due to a pandemic.

debt will overflow since every countries that being hit by this pandemic virus are in need of loans to boost their economy, the after effect of this virus will be long term since lockdowns are being implemented to each part of the world.
Expect that most of the business around will be ask for assistance coming from the government to rebuild their business and start fresh.

[cryptoknightt]

This may take some time because the crisis also hit when this pandemic occurred.
now even this virus is still spreading all over the world and can last until the end of the year or until next year, and the parties involved in this outbreak cannot be sure whether it can be cured immediately or not.

[wozzek23]

How long do you think the crisis can last after the epidemic?
What are the most likely events to occur?

After this pandemic a lot of people are really going to find it difficult with life. It's not going to be easy, and most companies will have to drop some of their employees, because they won't be able to pay them after everything that has happened.

It is already happening here that I live. After the government decided to ease the lockdown, some companies said they will have to retrench some of their workers. Imagine the number of people that are going to lose their jobs. I hope that we are able to get out from this really fast and people are able to get jobs and the support they need at this time.

[panganib999]

How long do you think the crisis can last after the epidemic?
What are the most likely events to occur?

No one know when or what will exactly be the date that this pandemic would come to an end. As long as there is no cure, vaccine or medication being released to resolve this pandemic, we could expect that this will not easily come to an end. Most likely because of this pandemic, the major affected sector is the economic since man power is down or reduced because of the implementing lockdown brought by the quarantine to help lessen the spread of virus, the production of goods and services are temporarily down but still massively affecting the economical state of every country affected by this pandemic. Even if after this pandemic, we still cannot expect that everything would easily be back to normal because we are like starting from scratch fixing everything and starting from new to build up more progressive economy for the people.

[figmentofmyass]

Only Bitcoin and Apple is up today.

bitcoin pumped hard today on news that hedge fund giant paul tudor jones is long bitcoin as a hedge against fiat inflation: https://www.bloomberg.com/news/articles/2020-05-07/paul-tudor-jones-buys-bitcoin-says-he-s-reminded-of-gold-in-70s

“It has happened globally with such speed that even a market veteran like myself was left speechless,” Jones, 65, wrote. “We are witnessing the Great Monetary Inflation -- an unprecedented expansion of every form of money unlike anything the developed world has ever seen.”

The question for a macro investor like Jones was how to hedge. He said he considered various bets on gold, Treasuries, certain types of stocks, currencies and commodities before recognizing a “growing role for Bitcoin.”

i've been amazed at bitcoin's resilience during these turbulent times. now we know that growing institutional interest is one of the explanations for its strong performance recently.

[arallmuus]

i've been amazed at bitcoin's resilience during these turbulent times. now we know that growing institutional interest is one of the explanations for its strong performance recently.

All I can say is that the alot of people are looking for something stable and have a long term prospect. In this case it will be gold, US dollar or some other currency ( If you live in asia ) and such .

The US as well as most europe however is handling the pandemic situation badly therefore alot of people doesnt really keep that much of foreign currency. Oil is pretty much useless and tanking right now therefore bitcoin could be an alternative ( kinda like a silent alternative that you dont want the whole world to know )

[FlightyPouch]

How long do you think the crisis can last after the epidemic?
What are the most likely events to occur?

Some say almost 2 years but we never know since the vaccine could be invented earlier than that, and I hope that it would actually happen. After that, I think it would be back to normal since there is no problem when it comes to jobs and wages. Companies or owners are giving their workers their payment despite the lockdown, some even already gave their 13th-month pay.

[hulla]

How long do you think the crisis can last after the epidemic?
What are the most likely events to occur?

Some say almost 2 years but we never know since the vaccine could be invented earlier than that, and I hope that it would actually happen. After that, I think it would be back to normal since there is no problem when it comes to jobs and wages. Companies or owners are giving their workers their payment despite the lockdown, some even already gave their 13th-month pay.

Honestly, i don't see the pandemic issue last for 2 years but the WHO and other parties involved need to welcome need idea which will help the vaccine detection. However, it will take the governments, individual and organizations alot of years to find solution to what the pandemic have demage concern business and economy.

[EdvinZ]

The post-epidemic crisis may last several years. Stock markets and commodity prices have shown record lows over the past decades. Many people were left without work, but at the same time prices in stores increased, utility payments remained at the same level, loan obligations, etc. All this greatly affects the well-being of people. This is a very large-scale crisis that will take a long time to get out of.

[freedomgo]

The post-epidemic crisis may last several years. Stock markets and commodity prices have shown record lows over the past decades. Many people were left without work, but at the same time prices in stores increased, utility payments remained at the same level, loan obligations, etc. All this greatly affects the well-being of people. This is a very large-scale crisis that will take a long time to get out of.

I agree with that as we have spent a lot this year and we never know until when this crisis would last.

The economy is moving based on what is budgeted or what is predicted so our government were able to balance our finances, but this pandemic was coming out from nowhere and our government have bailed out so we can survive, so what would happen next? of course we will also have to help rebuild our government and that is in the form of tax increase most probably.

[Naida_BR]

The post-epidemic crisis may last several years. Stock markets and commodity prices have shown record lows over the past decades. Many people were left without work, but at the same time prices in stores increased, utility payments remained at the same level, loan obligations, etc. All this greatly affects the well-being of people. This is a very large-scale crisis that will take a long time to get out of.

Unemployment rate are going to be huge by the end of the year, especially in Europe.
Trivago announced that they are going to fire people and more and more companies that are active in the tourism industry are going to do the same. After 10 years we are going to see a new crisis around Europe - hopefully this will help the crypto markets.

[azmirihaque]

Before thinking about how long the crisis exist, we have to know how long this epidemic will exist. If it is taken a long time to invent the vaccine, the virus will also exist for long time. In that case thousands of people will loss their job, business men will loss their business, international trade will be hampered, people of the poor countries will stay in hungry, share market will fall in bottom, medical facility will be disrupted and world's economy will break down. There will be a pandemic situation. If this epidemic can be controlled immediately, countries will still be able to recover the crisis.

[radjie]

How long do you think the crisis can last after the epidemic?
What are the most likely events to occur?

After this pandemic a lot of people are really going to find it difficult with life. It's not going to be easy, and most companies will have to drop some of their employees, because they won't be able to pay them after everything that has happened.

It is already happening here that I live. After the government decided to ease the lockdown, some companies said they will have to retrench some of their workers. Imagine the number of people that are going to lose their jobs. I hope that we are able to get out from this really fast and people are able to get jobs and the support they need at this time.

it will take a long time to recover to normal conditions like before the pandemic occurred, because not only one or two countries affected by this virus, but most countries experience the effects of this pandemic so that it can destroy the economies in each country. most countries must be able to rebuild cooperation with each other after the virus is declared completely lost to grow a country's economic system so that it can create a stable economy even more can be increased again, especially in import and export cooperation

[Sanugarid]

How long do you think the crisis can last after the epidemic?
What are the most likely events to occur?

After this pandemic a lot of people are really going to find it difficult with life. It's not going to be easy, and most companies will have to drop some of their employees, because they won't be able to pay them after everything that has happened.

It is already happening here that I live. After the government decided to ease the lockdown, some companies said they will have to retrench some of their workers. Imagine the number of people that are going to lose their jobs. I hope that we are able to get out from this really fast and people are able to get jobs and the support they need at this time.

it will take a long time to recover to normal conditions like before the pandemic occurred, because not only one or two countries affected by this virus, but most countries experience the effects of this pandemic so that it can destroy the economies in each country. most countries must be able to rebuild cooperation with each other after the virus is declared completely lost to grow a country's economic system so that it can create a stable economy even more can be increased again, especially in import and export cooperation

Based on the experts there are chances that we are going to deal with the virus at least a year since it is not just a outbreak in a place, it is a global pandemic which causes the millions of people sick. We underestimated the casualties  of it before, now we are dealing with the unseen threat of it, we could have prevented the spread of it but we are closely looking to the impact of minor amendment to our economy, now look at the economy now  collapsing and plunging.

[aguscc]

Hello how are you, I know that there are people who maybe worked hard to get bitcoin and others who have the advantage they have a lot of money, the only thing I wanted to ask is if they could donate a few bitcoin to me, sincerely i am wanting to change my notebook for university, this may be a joke for some but it would help me a lot
Thanks since now.
This is my address  bc1qevdf0h8ce9gwllqgld40j5ea74ztwd6g6qgq0t

[TheGreatPython]

I am sure it will be a big deal for a while but it is not really going to be something that is unheard of before and will not pass at all. There will be a lot of debt, there will be a lot of bankruptcy, there will be a lot of "I am barely affording food at this point" level, however in 10 years we will be doing better once again, and in 15 years we will have another crash that will put it all back to this level again. As long as the system is not fixed at all we are going to keep having the same cycle all the time.

Companies and rich people can't keep getting richer and richer, eventually there will be no more money they could make, people are basically living in poverty and there are too many people who just buy stuff to survive and not luxury, so companies crash because they can't get more money from people since people are poor, so government prints money and economy crashes and companies are saved, we do this 10 more years and people go back to being too poor and so forth, its endless cycle.

[posi]

I am sure it will be a big deal for a while but it is not really going to be something that is unheard of before and will not pass at all. There

The crisis and bankrupt are not something thats unheard of before but if you check the covid-19 situation, you'll see that it case is something the world have not heard before because the effort of the medical personal in getting the virus vaccine yield no result and the longer this happen the more the crisis it will cause.

Hello how are you, I know that there are people who maybe worked hard to get bitcoin and others who have the advantage they have a lot of money, the only thing I wanted to ask is if they could donate a few bitcoin to me, sincerely i am wanting to change my notebook for university, this may be a joke for some but it would help me a lot
Thanks since now.
This is my address  bc1qevdf0h8ce9gwllqgld40j5ea74ztwd6g6qgq0t

Honestly, this kind of thing is against the forum rules but if you truly need help and can provide a genuine evidence. I will advise you to write your situation on this thread which is purpose to help the people of this forum.