Quote:
Originally Posted by bbcard1
Pretty much anything can happen.
|
And therein lies the source of the panic. This one is different in that the cause is outside the economic and financial realm, so the history of downturns wouldn't seem to be any kind of guide, other than 9/11 perhaps, but that was a discrete and presumably one-time event. Other than massive debt everywhere you turn (and which nobody seems to care about anymore), the economy was purring along, so will it return to that state in a few months when the virus is no longer a factor, or will the various shocks and dislocations in the interim (hello, massive debts) have changed the environment so much that it has become an economic and financial problem with the virus merely the catalyst?