/biz/ - Business & Finance

>>18082177

This right here.

I just wish /SMG/ would automatically boot all the 'AAAAAA' and bull/bear faggot posts that offer nothing of insight or value, and just add more BS to filter through.

First, there's still all the COVID cases to sort through in the ConUS, which from past experience in other countries are still two to three weeks away from peaking. Just look at Italy. The good news is that the Italians seem to be past the peak of the first hill of the virus-coaster.

https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

Just check the link and check in daily, US growth in terms of cases is still exponential. Just click on country by country in the left column. One we pass the peak in the US, we can start to relax a little.

What all that doesn't account for are all the secondary and tertiary effects this will have on a great majority of the population who have less than a few hundred dollars in their savings accounts. Interest rates will go up on housing due to risk (as they are in Leafland) and more and more people who are living paycheck to paycheck are going to be absolutely BTFO'd if they are behind on bills or their jobs don't re-materialize when this winds down.

Then what happens when people start defaulting on auto/student/home/LoC loans in a growing cascade.

Who knows... no one knows, but the next few months will be bumpy. Hope you all are staying frosty and keeping your powder dry.