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The Corona Crisis gets real | 89 comments (89 topical, editorial, 0 hidden)
Re: The Corona Crisis gets real (none / 1)
The deaths will be horrific for everyone affected, but will pass. The economic effects will affect everyone regardless, and last much longer.

Considering the fragility of the markets and the huge debt burden, we may well be on our way to a full-blown depression.

The only way to prevent that will be to take the measures you're suggesting. Mortgage, rent, and tax payment holidays will keep businesses alive and individuals out of bankruptcy.

Otherwise it's going to be financial carnage, with a fair percentage of the working population bankrupted and homeless.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Mar 15th, 2020 at 05:59:47 PM EST
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The Corona Crisis gets real | 89 comments (89 topical, 0 editorial, 0 hidden)
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