[blihp]

Obviously it's impossible to say for certain. This was/is a relatively controlled economic crash landing. The decision was made to take the plane from 30,000 feet to the runway in record time. So everyone has bumps and bruises, some are going to have broken bones and a few may die as a result of their injuries... but that was the best option available at the time.

Personally, I find this a lot less scary than '08. The main objective of the current exercise is to ensure the healthcare system does not collapse... because if that happens, things could get dicey. (i.e. blind terror would likely cause more damage than the virus itself) Once we get to the point where the medical community feels like 'OK, we've got this under control' things should start looking up since we'll know for sure what the bottom looks like from a health/mortality standpoint. Then people can start sorting out the economic side of the equation. Right now there's fear because no one knows where the bottom is for either situation.

[digitaltrees]

2008 started in 2007, things move slow until they don’t. Banks are just as leveraged as they were then. They started doing many of the same things they did then in recent years. They are stronger in part because of the stress tests and implications fed back stop they are counting on so luckily the won’t likely panic and stop lending to each other. But make no mistake. If mortgages and credit cards start to default their balance sheets have limits on what they can with stand. Tightly coupled systems implode quickly even with small changes.