06-20-2022, 05:18 PM
This next recession that will happen will be a collective government failure of all parties. It all boils down to how those governments chose to handle Covid.
It was the governments that decided it was a good idea to shut down businesses for extended periods of time....
Ok businesses are shut down, and people are now losing income...let's just hand out trillions of dollars in money we don't have!
Oh everyone has a sudden influx of money and are now buying things up! PPE loans, income supplements, extended unemployment benefits....cool
Now demand for goods and services is up because people are buying things and supply chains have not recovered from being shut down for 3mo - 2 years.
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Inflation will remain high and we will have a economically defined recession, no doubt. This time you can't blame it on the banks, you can't blame it on a war, or greedy Wall Street investors, or a disease. This next recession will be the worlds' governments failure and overreaction to actual handling of Covid....not the sickness itself.
It's the ultimate example of government overreach and will be a wonderful case study in 10 years.
It was the governments that decided it was a good idea to shut down businesses for extended periods of time....
Ok businesses are shut down, and people are now losing income...let's just hand out trillions of dollars in money we don't have!
Oh everyone has a sudden influx of money and are now buying things up! PPE loans, income supplements, extended unemployment benefits....cool
Now demand for goods and services is up because people are buying things and supply chains have not recovered from being shut down for 3mo - 2 years.
------------------------------------------
Inflation will remain high and we will have a economically defined recession, no doubt. This time you can't blame it on the banks, you can't blame it on a war, or greedy Wall Street investors, or a disease. This next recession will be the worlds' governments failure and overreaction to actual handling of Covid....not the sickness itself.
It's the ultimate example of government overreach and will be a wonderful case study in 10 years.
