RE: The World Is About To Experience A Quick Replay Of Global Financial Crises
Hi @ben-edom
Interesting choice of topic. Finally something not related to C-19 or hive/steem conflict :)
Personally I don't think current crisis will be a "replay" of any previous ones. Neither it's going to be another 2008 or similar to great depression in 1929.
There was never a time, when supply chain has been so badly distrubted. Amount of jobs being lost is at all time high and most of all - current crisis is affecting every country in the word. In 2008 europe and US struggled, but Asia (mostly china) was still flourishing. It's all very different now.
In 2008 financial economy was under pressure. This time it's also real economy, which is heavily affected. Pumping money (Which helped in 2008) is not going to much in current situation.
There will be a high rate of baby boom just like it happened back then.
I fully disagree. Right now people are terrified. Not only because they are losing jobs faster than ever, but also because hospitals are overcrowded and under-equiped.
Would you think of making a baby now, knowing that you have no money to pay rent, to pay your morgage, that your husband may lose job. And on top of that knowing that in 9 months situation in hospitals can be still very difficult (many doctors will simply die because of C-19).
Surely I agree with high rate of divorces which may happened. Interesting times ahead.
Solid read, upvoted already,
Yours, Piotr