Actually, the depression we are entering was because of irrational virus fears. This article is just reporting the facts. We committed global economic suicide over a cold. It’s going to be a rough ride.
I don’t see this as suicide, I think it more like after WWII - people get back to work and the economy will take off, it may be a rough lift off but everything is in place and folks have bills to pay and a new lease on life to celebrate.
many industries / market sectors will never return as they were. commercial real estate, retail malls, travel, tourism, airlines, cruise lines - and related supporting /feeder business - will all be (are being) absolutely crushed.
I agree, and for once I don’t mind the economic gloom and doom. It is the only thing that will wake up the people.