Look at Trump. Look at this alarm levels. The people he rules over, more will die because of his indifference rather than less.As for the original Great Depression, although history does not repeat itself precisely, we should be aware that there was a crash in the economy, and there was mass unemployment.
Two facts we see today right now.
And this, is only getting started.
Also, a couple of other important points, regarding the general economic picture which people are not focused on because of Covid-19, interest rates already at zero.
What is the Fed going to do next? Cut rates?
Maybe the government can do a spending program, the same US government who is very deep in debt.
It will not be easy climbing out of this hole for the US economy.
China probably will have a V shaped recovery. United States probably will have U shaped recovery which is a slow recovery, or some think it is a L shaped recovery which really not much of a recovery at all.
So yes I still got a pulse, I feel some alarm, but mostly resignation.
Never thought it would turn that bad that quickly.
It saddens me to read how some people got hurt this bad this quickly. No fault of their own, it just happened, without much warning, and lack preparation.
They probably are good people. They tried to do the right thing. They were doing well in their business. Surviving. Happy. Two weeks later, boom!
