No Bounce Recovery Coming, Act Accordingly

[Gravel PitParticipant 13787]

Met a 64 year old man today. He and his wife started a Boutique about a decade ago. Deemed non-essential, his business has been shutdown by the local tyrants municipal leaders. His business is ruined and his portfolio is shot full of holes.

Here is a man who had every intention of retiring in the next five years. A Boomer, among many, who will now either be retiring anyway, on crumbs, or never retiring and working till death. Either way, he is licking his wounds and will not be made whole again.

The economic engine didnt just lose fuel and stall out. It lost compression. The paradigm has shifted. There will be no miracles to bless us back to last Year. The damage theyve done will take decades to sort out.

His hardships are nothing compared to the 20 million younger folks who are now jobless and penniless. Their bills will not be paid, whether its their Netflix, Sprint, Car Loan, credit card interest, iKea, Apple, Apartment Lease or student loan payments… Its all bad debt, that cant be paid.

LOL. How anyone can think this is a Bullish scenario, where they’re going to take their $1200 check and buy stock in Tesla or whatever… dude, they are fvcking dumb as hell. Im not an economist but this is rekt, BAD! Cant see how this doesnt lead to a lot of bad stuff that could only be described as an Economic Depression. The big corporations are screwed, the people are screwed. The money printing is going to wreck it all even worse. And its just generally inescapable. Sit back and watch the flames grow higher.

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