Quote:
Originally Posted by Chaching
When Tens of Millions of Americans are Unemployed and can’t put food on the table, loose their homes etc..... it isn’t gonna matter. I will also add the record levels of Corporate Debt Zombies out there. This is the straw that will break the Camel’s back.
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I don't expect it'll get that bad; our very well capitalized banks, by federal edict, won't be able to foreclose and will be forced to forgive late/non-payments. The feds will do everything from helicopter money to targeted loans to offset the economic hits. Still, a recession is unavoidable but should be very recoverable.
There are already reports of drugs like chloroquine as being effective in slowing the effects, thus flattening the onset curve, and I think a vaccine or other treatment will come sooner than we think.
I think the predictions of doom apocalypse are extreme and not highly probable. Be prepared but stay optimistic.
And....if I got "the" call from my AD tomorrow, I'd jump on it.