You're almost right except that the damage to the stock market overwhelmingly impacts boomers who are trying to retire, not the young who hold nothing but cash

You're almost right except that the damage to the stock market overwhelmingly impacts boomers who are trying to retire, not the young who hold nothing but cash Crippling the global economy hurts old people worse than it hurts the young because the young are far more resilliant to disruption in their daily lives.