Quote:
Originally Posted by Enoch Root
What? 2008 saw some of the largest financial firms in the world collapse. It was substantially more severe, and complicated, financially, than COVID-19 is.
The challenge now is stimulating the economy to reflate again, once normalcy returns. That is a much more straight-forward problem than some of the issues in 2008.
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I would agree but in 2008 normalcy was the next day, with this we could be in for months of waiting for normalcy, months of economic inactivity, add that the effects of years of near zero interest meaning most companies and individuals are deep in hock, even with near zero interest payments you still have to declare chapter 11 if you cant make money for 3 or 4 months.l
You cant fix the economy until the virus has been dealt with, that's the difference