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This is the sort of thing that a sensible government should have predicted in week 1 of COVID and created measures to prevent. Put the economy into suspended animation : all debts, taxes, indefinitely frozen. Government pays the minimal actual needed to keep each actor afloat.
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I don't think it's a prediction problem. Anyone can see this failure cascade a mile off. It's a trust and incentives problem: who has an incentive to try to solve the problem, and are they trusted enough by others. I personally don't trust government backstopping here.