Lagarde is warning of a corona shock similar to the GFC, but the only thing this downturn has in common with the GFC is that share prices and oil are going down, and the economy rapidly slowing. In all other respects the analogy is entirely false.
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Replying to @LT3000Lyall
You don’t think there is potential for financial contagion? So many different industries will have their incomes go to Zero. If any have debt it can set off a domino effect quite easily, just to name one means of similarity to CFC
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