The difference is we aren’t asleep. This isn’t The Matrix anymore. We jacked out of that nightmare to find a world even worse than we thought and now we’re crazy from being sleep deprived...
Just like during the last recession, countless numbers of Americans will go from living a comfortable middle class lifestyle to being desperately needy in just a matter of weeks...
Ticketmaster has so far cancelled or postponed 30,000 events worth $2 billion in ticket sales. With more than 25,000 events still scheduled for the year, Ticketmaster expects additional events to be cancelled or postponed and will offer refunds on a rolling basis.
...more than 2.9 million homeowners – or 5.5% of all mortgages – have entered into COVID-19 mortgage forbearance plans... This population represents $651 billion in unpaid principal...
And if you think that a vaccine will be the golden ticket that gets us out of this mess, you might want to reconsider that belief, because there has never been a successful vaccine for any coronavirus...
Why will anyone want to work, especially government workers when they can get paid to stay home? This is not about wanting more money for small business, it is about the reality that the firings are just beginning.
What more is being priced in by further economic misery? To the increasingly depressed it smacks dangerously of depression alongside a Marie Antoinette-esque “Let them eat stocks” from Wall Street...
"We were already worried about leaving parts of the population behind and the virus has accelerated that. What we mustn’t do is sleepwalk into being cashless..."
