Message from @Sophie
Discord ID: 683007832253136926
It’s idiotic to say “well we’re fucked”
It’s irresponsible to say that a miracle will make it disappear
Saving lives is more important than calming the market
And if that’s his plan, it’s not working
Hydrogen and Electric cars/trucks are the future of transport. It just takes time to develop technology and get it into mass production. Hydrogen can be mass produced and is a waste product from various forms of production, whereas fossil fuels are non renewable.
> Saving lives is more important than calming the market
These aren’t mutually exclusive things, Trump is helping solve the crisis. Infact some of his policies have made it easier to tackle in the US.
Hydrogen vehicles need infrastructure and R/D, and that's really the major issue.
But keeping the stock market good is also a priority @Sophie
Especially politically
The stock market is going to be jolty till 2021 due to elections and coronavirus.
Trade is going to be a mess as countries have shut their borders and folks aren't at work as much.
Not really, it should start to bounce back quite soon.
It won't, unless the coronavirus declines.
Yeah which it will
The whole crisis should moderate in coming weeks tbh.
No one knows that. Transmission is risking pandemic levels.
The stock market will stop declining before then, I’m pretty sure it’s stopped now.
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ lol ok I’m going to hold you to that
Absolutely insane prediction
Yes?
Look at the DOW now, it’s stabilised
I hate how Google features the paywalled stories.
But no, trump is actively hurting the efforts to save lives and stem the spread of disease
By muzzling the CDC and spreading misinformation
How?
What?
He’s recapitulated CDC advices but also given his thoughts.
The Dow is down 614 points today
I know, it was down 1000 earlier
Now it’s going up.
I.e stabilising
```The global stock market is, theoretically, the distillation of how investors think everything that happens in the world will play out in the economy. Right now, judging by these drops, investors are much less optimistic than they were a week ago. But what they’re predicting is not only how bad the outbreak could be in terms of workers staying home sick, drops in consumer spending, or supply-chain disruptions; it’s also how bad people think it could be. Those might turn out to be two very different things```
There’s not yet evidence to show a stabilization. Maybe it is
So far it is either going to gradually decline or become worse, if the later and panic sets in, you won't see recession but stock prices will be weak.
Sure I mean fundamentally stocks are either pricing in the economic shock accurately, or overestimating or underestimating the impact
Panic has set in
It's just that's reversing now