Economists also expect a V-shaped recovery, and I’m betting they’re hilariously wrong about that.
I fully expect some people to benefit from the crisis, but this shit is off the rails in a way I don’t think most wealthy people have really grasped yet. It’s shaping up to be more like the Great Depression than the Great Recession.
The Fed is furiously printing money to maintain asset prices in the face of a >10% GDP crash. I don’t see how this shit doesn’t completely collapse on itself in the long run.
Economists also expect a V-shaped recovery, and I’m betting they’re hilariously wrong about that.
I fully expect some people to benefit from the crisis, but this shit is off the rails in a way I don’t think most wealthy people have really grasped yet. It’s shaping up to be more like the Great Depression than the Great Recession.
The Fed is furiously printing money to maintain asset prices in the face of a >10% GDP crash. I don’t see how this shit doesn’t completely collapse on itself in the long run.