“The economy will rebound when this virus runs its course. It’s setting up a bad recession but it’s not going to last beyond the pandemic itself. This won’t be another Great Depression.”
LOL
You really think that?
We are at about 15-20 percent unemployment TODAY. Right now. The auto manufacturers just completely shutdown.
We will have a significant GDP contraction and unemployment will peak around 30% this year if we are lucky.
The only way out is through.
Tbe Great Depression ran for nearly a decade. The recession we are now entering will end along with the pandemic and its social quarantining.
If you think this is going to be another Great Depression you’re panicking needlessly.