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There’s a big ‘yet’ there. Also that things didn’t immediately collapse isn’t the economy showing resilience. It cannot be a binary thing like that. We’re seein
by meheleventyone 7y ago
There’s a big ‘yet’ there. Also that things didn’t immediately collapse isn’t the economy showing resilience. It cannot be a binary thing like that. We’re seeing the first waves of mass unemployment, of enormous businesses like Boeing collapsing, of small businesses being grossly unprepared for any kind of disruption and of individuals likewise being ill prepared. The economy we leave this emergency with will be a shadow of the one we went in with. A gross structural failure.
There are going to be trillions of dollars spent attempting to bail out the economies of the world.