Yes 1) The immediate impact is the retail and entertainment sectors, which employ a large amount of the population. The loss of incomes and consumer confidence

Yes 1) The immediate impact is the retail and entertainment sectors, which employ a large amount of the population. The loss of incomes and consumer confidence from those people will cascade. They'll buy less cars and appliances. Car companies will in turn buy less [everything else]; anecdotally one of the world's largest automakers has called a worldwide stop to new purchases - of anything. This cascade will affect a majority of the economy. What made the 2001 tech crash bad was that all the startups that had other startups as their customers saw their revenues evaporate. Think about the 1000 variants of MarTech tools today. 2) More 1930s than 2008 unless governments act in a hyper competent manner. Ray Dalio has been writing about how the next recession will not be solvable through QE: https://www.linkedin.com/in/raydalio/detail/recent-activity/shares/ https://www.linkedin.com/in/raydalio/detail/recent-activity/... 3) No one knows 4) Currently: print money and worry about the consequences later. It's novel to see them "helicopter drop" cash directly to consumers. It's much more fair than just buying financial assets, which enriches investors first. (They're still doing lots of that, just not exclusively)