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this is all self inflicted, we could go back to business today if we wanted to, unlike in the depression, many banks went down along with their account holders.
by autokad 7y ago
this is all self inflicted, we could go back to business today if we wanted to, unlike in the depression, many banks went down along with their account holders.
That's not to say we wont get there if we do nothing. If we are really going to do this grand experiment, we need a big stimulus to offset it. especially for small businesses. So many restaurant and bar owners will not be able to handle this. Unlike Jim Cramer who says 'we dont need to help the rich', many of restaurants and bar owners have no other source of income and lots of debt, thus will become insolvent fast and there will be no jobs to go back to if we do nothing.