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>This wouldn't need to take more than a month or two. Two months of this is going to be the beginning of the next depression.
by 0xffff2 7y ago
>This wouldn't need to take more than a month or two.
Two months of this is going to be the beginning of the next depression.
- tempestn 7y agoIt's going to be a recession, certainly. In the Great Depression there weren't significant stimulus measures taken though, until the stimulus provided by the war. Governments have already made it clear they're going to throw a lot of resources at the economic side of this, so I expect a couple months would be really bad, and some businesses will definitely fail (some already have), but not Depression level bad.