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I’m guessing 10 more weeks before we see the first signs of economy reboot. This is going to get really brutal. I’m not seeing any historical comparable for what we’re headed for. Not WW2, not the Great Depression, not the Spanish Flu. This is a totally sui generis cataclysm.
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Obscured by WW1 and simplified by the fact that healthcare was so primitive there wasn’t much they could do anyway. This was before even basic antibiotics remember. And the ventilator/iron lung was invented in 1928.
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Hmm... plus everything is far more interconnected now. So, far more chaos when it all starts breaking down. I guess I'm really having trouble getting a gut feel for the gravity of the situation. Why do you expect recovery to be so slow? Enlighten me, I'm naive
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Also because the attention has been on restarting supply side, but if there’s no demand side (or it’s greatly reduced), it’s only a matter of time till the business goes under.
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