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Your thinking is myopic. The virus is a geopolitical trigger. Among the fallout is the US economy. The world is rapidly changing. It will not return to normal
by twomoretime 7y ago
Your thinking is myopic. The virus is a geopolitical trigger. Among the fallout is the US economy.
The world is rapidly changing. It will not return to normal once the virus is eliminated. The signs are everywhere. Governments in flux.
We just had two $1.5T federal stimuli effectively fall on their faces. Treasury Secretary is predicting 20% unemployment. That's great depression level and I suspect they were being conservative to avoid even worse panic. This is going to continue for many months if not years after the virus troubles are over.
- 0xffff2 7y agoThat still doesn't mean the power is going out or the water is going to stop running. Another depression is in no way a good thing, but it's not the apocalypse. Zombies are not going to take over the water treatment plants. No one is going to nuke the power stations. Yes, life will get hard. Yes, this really sucks if you were planning on retiring soon. But life will go on. Calm the fuck down.