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by dbqpdb 2272 days ago
There is a lot more going on here than people getting termporarily sick and permanently dead. The economy is being transformed, in a not good way, in front of our eyes, and its only going to get worse over the next few months. 6.6 million new unemployment claims last week? How many restaurants & small business are going to be able to continue to pay their rent for the next 3+ months with next to no business? How many people are going to have their homes forclosed on them because they dont have a job and dont qualify for unemployment? The economic impact of what's happening right now is staggering, in a way that is not just going to fix itself once people stop being sick.
1 comments

Agreed - it seems that if this goes on for more than a few weeks then we'll start to see "cascading failures", first in the form of higher default rates, then the banks creaking under the strain of broken assumptions.