I agree, the corona virus is only the last bump that knocks everything over. The situation was scetchy already before the virus. Now, all the QE in the world will not save the markets. Everything is heading towards zero now, to regain fair value again.
But it will be a rough time for all of us. Something like the early 1930s may be, who knows. Soup kitchens, Hoovervilles, crime, and so on. I don't think the cheap fuel will make up for that...
RE: Corona Virus Interactive Map
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Corona Virus Interactive Map
Apart from toilet paper violence, i heard a banging outside, I thought it was just someone doing some home handywork - actually, it was a car window being smashed by someone wanting to rummage through an abandoned car.
I thought that it wasn't abandoned, just belonging to a young guy across the road, the car had a "canary" on it - you know, those unroadworthy big yellow stickers that some gov'ment person wacks on the windscreen.
Strange days.
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If we get widespread unemployment, homelessness and such things, there is much more like that to come.
Like I said: look at the 1930s and the Great Depression. Even the rise of Hitler in Germany and the resulting WW2 was indirectly caused by this.
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