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by Spooky23
2272 days ago
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Data released in New York alone is that they are getting 250-300k successful initial claim calls per day, and many people are not successful. This is going to be the most profund economic event of our lives. Hopefully more like 1893 than 1929. |
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^ for anyone who doesn't know, 1893 seemed to be the first of many Argentine financial crises, caused by a wheat crop failure, which caused a negative feedback loop as (mostly) European investors pulled out of South Africa and Australia. The effects spilled over into the US and UK financial systems, led to runs on the banks, and caused a severe recession for 2 years.