Honestly,that's going to be a financial avalanche, it has barely started, we just heard that big, sinister, loud ass "crack"
It's in motion, takes a couple of months to hit random people IRL, usually... Remember the past financial crisis, multiply by 100, not 10, 100
Because the economy, the real economy, with small and medium sized businesses, it's grounded. When trump says suicides will be worse than corona's death toll because of it, he's absolutely right
From there it's going to amplify already existing social problems that were still more or less masked by credits/running deficits. Not anymore, it's going to blow,nobody will be able to tell "Uh oh, no, I didn't notice..." Already you see that, but that's nothing, we're what? Barely a month in
And china? And supply lines, all the entrepreneurs, all the shipping companies going bankrupts, all the factories defaulting/closing. How long before it goes back to normal? What will it take? Where's the money? More credit is required... And bam, here you are again... It's going to bleed for a while...
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