a great depression will lead to a major war
Yeah breh, 3 separate friends have gone belly up in the last 2 weeks. The last friend was yesterday and he is a partner of my research firm. The virus we can conquer in a year or so but the economy is the bigger problem. The Fed has thrown unbelievable amounts of money at this cause we have the same data as they do at our firm and the economy is a real problem.
People need to stay their assess home and just relax the longer this goes on the worst this will be. Capitalism can't function without sustained periods of profit for a prolonged period of time.
3 months some
6 months not likely
12 months impossible
The longer this goes on and the longer these invincibles people talk about it doesn't affect me while transmitting the virus the worst we are off.
Either everyone starts wearing a mask or the federal and state government puts in a mandatory stay home for a few weeks so there can be containment or this goes on and on. A recession would come and go if quarantined for a while but that is okay we can live through recessions. Not easy but it's been done many times.
But the longer no revenue comes in for corporations it becomes not a worst-case scenario but a reality where depression will ensue.