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I think you’re overlooking the cascading effect of a lot of small businesses closing doors (voluntarily or involuntarily) while this blows over — not knowing ho

I think you’re overlooking the cascading effect of a lot of small businesses closing doors (voluntarily or involuntarily) while this blows over — not knowing how long it will take to blow over. Short of a bailout, that’s not going to be easy to recover from. And even a bailout won’t be enough to bring about a full recovery anytime soon.

kd5bjo 7y ago
One potential path here is: - Local and state governments provide bailout funds to suffering local businesses - Said governments issue new bonds to pay for this relief - Fed uses the recently-announced QE funds to buy the government bonds The question then becomes if communities can get organized enough to approve this, and then convince ratings agencies that the new bonds are good.