I am genuinely curious, how the hell will we get out of this mess?
The current economy is heavily consumer based, and pretty much everything that has to do with consumers has literally DIED overnight.
Restaurants DEAD
Pubs DEAD
Aviation DEAD
Travelling DEAD
Cruiseships DEAD
Shopping DEAD
And pretty much every business is running on debt. The cashflow went from the highest it's ever been to 0. ZERO. NULL. NADA!!!!
How can the economy keep running?
I guess the best we can do is try to keep the infections at a minimum and try to restore things to normal, but the outlook is not bright until summer (it seems like the virus is likely to be seasonal), and then it could come back the next year.
It's going to be a tough 1-2 year before a vaccine comes out, i tell you that. And even afterwards... It's going to be very hard to get the economy back on it's feet. I assume governments will start printing enormous amounts of money, potentially causing inflation and at the same time, the assets could be in deflation since the supply could overheat the market(everyone looking to sell at the same time, without any buyers).
Any ideas? How the F# will the economy sustain itself?
