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>The current recession (which we are undoubtedly technically in) is mainly due to government's everywhere mandating... Unlikely. The writing has been on the wa
by twomoretime 7y ago
>The current recession (which we are undoubtedly technically in) is mainly due to government's everywhere mandating...
Unlikely. The writing has been on the wall for a while. The inverted yield curve and the long overdue 7 year cycle, among other indicators suggest that the virus was just a trigger.
And we'll see it was a trigger for much more - the world has been an increasingly overstuffed powder keg for years. Do you know that Turkey and Greece are inching toward war over the refugee situation, and Greece already has support from multiple European Nations in shutting down migration? Imagine how many nations will be pulled in if one of the saber rattling incidents actually turns deadly...
COVID-19 is the chaos that is about to shake loose every crack in the global socioeconomic system. Imagine how the geopolitical landscape is about to change when billions of Indians and Africans are exposed to the virus...
- tathougies 7y agoIn terms of the broader economic picture, companies have more cash than ever. Just a few years ago, the new york times had an article decrying the situation and accusing companies of 'hoarding' cash. My how the times have changed: https://www.nytimes.com/2016/01/24/magazine/why-are-corporations-hoarding-trillions.html https://www.nytimes.com/2016/01/24/magazine/why-are-corporat...