The world leaders have been kicking this economic reckoning can down the road for decades. Many “experts” have wrongly predicted for many years that they are about to run out of road. But this virus may just have put up an instant concrete wall right in the middle of the road.
It wasn’t that long ago that I said “billion seems to be the new million”, and yet we are already hearing the word “trillion” thrown out all over the place. This is simply not sustainable, and the virus may have just brought this century long party to an abrupt end.
I’m almost all in cash, having been that way for a couple of years.
Just hoping we don’t get a dollar devauation.