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Bloomberg Live.com slash automation slash radio. Hello and welcome to another episodeaway. So I don't know about you

I'm Joe Weisenthall.

And I'm Tracy Alaway.

So I don't know about you, Tracy, but I would definitely say that when the crisis hit earlier this year and the

stock market crashed and layoff surged, I definitely got pretty intense flashbacks to the Great Recession the financial crisis 10 years ago.

Yeah, I mean I think a lot of people did.

I think there were the big debate that was going on at the time was whether or not 2008 or 2020 was going to be like the defining financial crisis for a particular group of people.

And I think that debate's still going on, but for sure, like we've never seen anything quite like this, and in March we had a financial crisis alongside

a real economy crisis with lots of businesses going into lockdown and things like that.

And I think that was probably the major difference

with what we saw in 2008.

Right.

And I think now in December 2020, and looking at the aftermath we can say safely that so far anyway the

aftermath of what we experienced in March in April has really been nothing like the

financial crisis of course we have stocks not just at all

time highs but well above the pre-crisis highs already home prices there's a housing boom happening which probably not a lot of people

would have guessed. You know the unemployment rate it's still quite elevated but

it's come down a lot faster than a lot of people anticipated so that another sort of

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