Many have pointed out how much more connected the physical world is today than during the 2002-03 Sars epidemic. How much more connected is the financial world today than during the 2008 great financial crisis?
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Molson Hart Retweeted Molson Hart
The above is mostly a comment on international connections, but there is also the potential for old-school financial contagion absent bigtime government intervention.https://twitter.com/Molson_Hart/status/1237486110189801474 …
Molson Hart added,
Molson Hart @Molson_Hart
Replying to @GavinSBaker
Travel...restaurants, movie theatre, theme parks, events/event spaces, brick-and-mortar retail, etc.
Lot of stuff is under threat and all of the above businesses have suppliers, banks, landlords etc. who may not get paid.
Good potential for financial contagion, imho.
2:14 PM - 10 Mar 2020
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