A recent conversation with my dad had me wondering about how close (or far away) the US economy was to collapse in March 2020. Basically, we come to a point in the discussion where we couldn't figure out if the circuit breakers used during this time period saved the economy or not. For context, the circuit breaker is almost like the Hail Mary of damage control in the stock market; a circuit breaker pauses stocks for 15-minute intervals. The circuit breaker was created in the aftermath of the 1987 stock market crash where the Dow dropped over 20% and since then has only been used five times. Once in 1997, and FOUR TIMES in March 2020. Sooooooo… what would have happened if we didn't use a circuit breaker back in March 2020?
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