GDP has been halved, while borrowing makes up the difference.
The US can do this only once. After that the virus wins.
I do actually trust Trump.
The GDP pales in comparison to the amount of derivative risk underwriting our insurance companies.
Really, it does.
Imagine a cat5 hurricane hitting the insurance companies everywhere at once.
What happens when they fail and go TU?
https://www.amazon.com/Insurance-Underwriting-Derivatives-Liability-Management/dp/0471492272
One of the problems with “the plan” is that people are going to be freaked out in two opposite directions by June:
—Needing and wanting to go back to work and resume “normality”.
—Fear of the virus and its impact on family members (which will be super-obvious by then)
I have no clue how folks will react when the “all clear” is signaled...