20% of the world on lock down... Nasdaq be likepic.twitter.com/SksHF8POgQ
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1 thing about this, monetary stimulus only works up to a certain point. If real risk factors (death, war, supply chain) overwhelm, it will unwind very quickly as the risk premium would suddenly jump many magnitudes over incremental reductions in discount rate from monetary policy
Government will step in to guarantee debt and continued existence of industries most affected, i.e. travel. To your point, even if we gave the stimulus straight to citizens instead of banks, demand may still be weak if supply is disrupted or people think going out means death.
