/biz/ - Business & Finance

>>18045372
this may be the big one if our government doesn't get its act together right fucking now.

>~25% of rentals will be late on the first due to layoffs, resulting in some smaller, but still large number (10%?) of mortgages to go late on unpaid in August Neither the republican or democrat bill addresses this reality
>mortgage industry gets hit super hard, poorly positioned banks go tits up as cash flow receeds
>courts aren't willing to instantly evict or foreclose.
>a nation without savings, plus the FED pumping money into the top of the economy while cornonachan renders half the labor force, unemployable and pennyless, effectively removing half the 'blood pressure' from our economy.
>slow inept response to corona chan results in several million infections within the next couple weeks, tens of thousands of deaths
>second panic hits grocery stores as deaths quickly rise into the thousands. Once your local community has it's first couple reported, expect the stores to empty again, this time losing enough staff to seriously impact restocking/supply chain
>May hits, virus is still on the loose, the economy hasn't improved and even those well prepared are forced to decide between bills or food. Congress agrees on some halfassed tax return, too little too late.
>mid may, the mortgage industry and derivative markets both implode from lack of cash flow and government response
>rinse and repeat of 2008, including bailing out a bunch of jew banks while the common man is left hanging
>legit civil unrest becomes common as the wu flu finally dies down through the summer.