Quote:
Originally Posted by Rochard
You are both right and wrong.
This is not a financial crisis like 2008.
This is going to be worse than the great recession. This will be worse than the great depression. They are talking about twenty to thirty percent unemployment.
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This. There's something very unsettling about how much money governments around the world are throwing at this. There seems to be this "6 month" provision everywhere you look, so the real effects won't be felt until then. It's the middle class who will be ruined, they hold all the debt. Pension pots and savings have already been fucked in the arse. Stock holdings decimated. Wait for the banks to come for the houses and the finance companies to come for the cars.
What's six months? October. Sounds about right. Great depression, October. 1987, October. GFC, September/October. Corona Crash, October
