“The head of the World Bank yesterday warned that financial markets face a rerun of the Great Panic of 2008. “
Is there anyone who really believes its not going to be much worse than 2008?
add a few downward notches to his comment, and you get the reality in immediate future.
add a several or many downward notches, and you get the eventual scenario.
I’ve got the same feeling.
2008 is going to be looked at with fond memories as “good times”.
People don’t have any money to fall back on like they did in 2008.