So, we’re going to counter the virologist’s doomsday scenario with our own doomsday scenario. I stopped reading after two sentences. Trump knows this is not a good situation but once you’ve shut everything down, you have to find a way through it. I’m optimistic this will clear up by the end of summer and our economy will emerge weakened but not fatally so.
I'm retired so my financial exposure is probably not typical of the average American and I suffered little with the crash of the market.
I do have neighbors and others that I know who were set to retire in the next year or so. They did not fare as well.
Looking at what has happened on Wall Street this month, I can see a lot of delayed retirements.
Some of the things I've read suggest that it's probably going to take at least ten to fifteen years after this is over to approach the levels we had last January.
I've got no crystal ball and am in no way qualified to make these types of projections, but having been a part of this game for the past thirty or so years and seen how the market reacted to some of those developments, I can't say that this prediction is wrong.
I’m optimistic this will clear up by the end of summer and our economy will emerge weakened but not fatally so.
This will take a decade for the economy come back and will pave the way for socialism. Oh they will change how the economy is measured like they did with inflation, but the bottom line is the fascist left and spoungey right has achieved the goal of getting rid of Trump, eliminating capitalism and introducing the new world order and making you a serf.