Everything at this point is on the table economically. Spin the crystal ball round and round. Economists and financial wizards are scratching their heads trying to figure out how far to the ground. The amount of extra debt that America is taking on is going to put the country in a bad financial position. Also, sky high personal debt must be factored into the equation.
Depending on how long the coronavirus lasts, assets such as real estate values could experience a huge haircut. The stock market has been getting shredded, businesses told to close, employees losing their jobs, etc. The federal government will continue to print money and let it rain, but how long can the population, companies, and the individual cities and states last? Will federal, state, city, and corporate pensions be affected? It is still too soon to make projections, but if the pain continues for several months or more the financial situation could become very ugly.
Copyright© Edge of Humanity LLC 2020
If you have found this article informative, please consider a donation to assist Edge of Humanity Magazine to continue to provide neutral, outside of the box analysis, that is unique from cookie-cutter websites, who charge with a paywall.
Edge of Humanity Magazine provides opinion pieces and unbiased coverage of international relations and the global economy. Our think tank type analysis is not academic. Instead, it includes forecasting international political, and economic trends, from the perspective of laypersons that are well-informed, and have done extensive independent hard travel. The magazine investigates, dissects, and summarizes, how all the polished stones of the global political puzzle move across the immense go board.
Thank you very much
Edge of Humanity Magazine Team