Loading ...Europe – Wide Shutdown. Indefinately.
The loss to the economy will be devastating. 3 months is a conservative estimate, with some suggestions that we may need to keep much of society on lockdown until a vaccine is available. We would need hundreds of millions of doses to be produced and administered. I very much doubt that is happening in much less than 12 months.
Large sections of the economy will be simply wiped out. I’ll repeat, there are 2 options…print to infinity, or hit a big shiny ‘reset’ button. Both are very bad.
Global stock markets will not be recovering anytime soon. Zero economy, and zero confidence about what sort of a future we will have.
Things that society NEEDS will rocket in price. Things that society used to WANT (but not need) will collapse.
I would really like to know concrete numbers on hospitalization rates by age group.
It is what it is at this point, though–already an economic disaster with literally no end in sight. Rest assured though, none of the TBTF banks will ever be rendered illiquid. At the end of this, they will buy up the world for pennies, quite literally. The cynical conspiracy theorist in me believes the banks already know the precise moment the switch will be flipped on this whole story and will have already bought up their long positions.
Nautilus – the figures are on a parabolic trajectory – the only way to stop a continued parabolic rise is to isolate EVERYONE. It’s simple mathematics upon which every European nation agrees.
Still tech sector holding well, looks this whole thing will be forgotten, next 3-4 months.
Otherwise, a crash like oil sector , 50% down is a week.
“there are 2 options…print to infinity, or hit a big shiny ‘reset’ button. Both are very bad.”
No, there are three.
https://www.youtube.com/watch?v=KAWxhdPGJfU
This may or may not be the best exposition on the topic … but Grant is the right person to articulate this alternative, whatever form you decide to digest it in … this vid, another or print.