Cal State Online Fall 2020

[ARhead]

I think this will cause a depression that will take decades to recover from.

Other than the death, THIS is the worst outcome from COVID. Regular non-financial folks thinking that the virus was the CAUSE of the financial meltdown that will occur. That was already baked into the cake. Business cycles occur in a capitalist system, no matter how much central banks and governments try to eliminate them and turn capital markets into a political utility. Covid only hastens the end of the cycle. So when it all goes down instead of blaming central banks for causing incredible bubbles and encouraging liquidity to flow into the least economically feasible parts of the economy leading to an incredibly damaging end to what could have been a tame end of the business cycle. Instead people just blame the virus. And so we can't point fingers at the true cause of the bubbles, and they'll just PAPER it over do it all over again. Oh well, I have the road map to trade that outcome, as it's what they just did and have been doing for 30 years. Sadly, most people are gonna get smoked.