by spitthedog » Sun Aug 02, 2020 2:44 pm
If you believe capitalism operates on a Dawinism principle, in a way Covid-19 could be a good thing for the global economy.
Debt hasnt really gone down since the 2008 financial crisis. Businesses just borrowed more, and zombie companies kept trading because banks didnt want to take the hit of all those losses.
Now alot of those zombie companies have been surviving on government handouts, rather than financed by banks.
How easy is it to get a mortgage these days?
How many of the masses of bars on Riverside are actually making a good living?
With Covid19, maybe the inevitible shock to the financial system can be controlled. Now everything can be controlled with fear.
The whole god damn global economy needs a good clear out.
Covid19, the ultimate colon cleanser.
Ray Dalio predicted helicopter money coming after QE , and ZIRP.
Well it's kinda here with Covid19.
If you believe capitalism operates on a Dawinism principle, in a way Covid-19 could be a good thing for the global economy.
Debt hasnt really gone down since the 2008 financial crisis. Businesses just borrowed more, and zombie companies kept trading because banks didnt want to take the hit of all those losses.
Now alot of those zombie companies have been surviving on government handouts, rather than financed by banks.
How easy is it to get a mortgage these days?
How many of the masses of bars on Riverside are actually making a good living?
With Covid19, maybe the inevitible shock to the financial system can be controlled. Now everything can be controlled with fear.
The whole god damn global economy needs a good clear out.
Covid19, the ultimate colon cleanser.
Ray Dalio predicted helicopter money coming after QE , and ZIRP.
Well it's kinda here with Covid19.