The only key to understand the situation is the famous quote from Warren Buffett: "Only when the tide goes out do you discover who's been swimming naked." 2008

The only key to understand the situation is the famous quote from Warren Buffett: "Only when the tide goes out do you discover who's been swimming naked." 2008: A "few broke homeowners" in the USA brought down over leveraged Wall Street. The financial system "contaminated" almost the whole planet. 2020: A few weeks ago, a lot of investors had to face margin calls. Petrol is worth nothing. Now the whole European and US economy are down. Almost everybody is over leveraged (private investor in reale estate, stocks, pension funds, etc). All the companies are loaded with "free" debts. With falling stock and maybe real estate values and the increase risk on company debts, when will the banks knock on the doors and start the margin calls on "smaller fishes"? If too many are naked, it may also "contaminate" the financial system... People with a lot of cash (who have been punished for 2 decades) will finally have lots of opportunities (and a financial security pillow to survive).