A Frugal Man’s guide to the CORONADEPRESSION

[Kane]

[Saz]

[Saz]

[Kane]

Didn't we take on a massive amount of debt during WWII? And wasn't that only recently repaid? Why can't this be the same?

[Spider]

This isn't like that. Think about it. You're comparing the effects of beer virus as similar to fighting a world war having immediately followed a worldwide great depression. and this time we're not going to have a postwar prosperity wave to pay it down. back then we were the last economy standing. We don't have those advantages now. I mean, obviously there's this global dollar short squeeze, and pumping some extra money out there to try to cancel out some of the probable deflation is a good thing. But we can't keep the ball in the air forever. Regardless of what they say, debt actually is a problem economically.

[Kane]

[Spider]

So. S&P is currently off less than 10%. NASDAQ is close to returning to its all time highs. And this in the face of an economic ass gaping that we really don't even know the extent of.

Capitalism as we know it might be over, but the equities markets are definitely a f**k sham.

I'm getting seriously worried that this is a liminal moment, economically. Moreso than we'd thought.

f**k this.

[Saz]

[Saz]

[Kane]