No easy answers, but... wow.



I continue to think it's laughable at best (and more likely scandalous) for people to essentially say, "Hey, this is short-term pain. Everything will bounce back once the virus is defeated." See this quote from the end of the article: "During a CNBC interview last week, Bullard said the jobless number 'will be unparalleled, but don’t get discouraged. This is a special quarter, and once the virus goes away and if we play our cards right and keep everything intact, then everyone will go back to work and everything will be fine.'"

Along those lines... "Once the virus goes away"? When/what is that exactly? As far as I'm aware, not a single governor or health official has even come close to defining what they view as an acceptable risk level at which point businesses will be given the green light to reopen. Not one.

Finally, has anyone at all begun to calculate the debt that's going to be created by all these stimulus bills to bridge the gap so that we can reach the "once-the-virus-goes-away" destination? How long until we start approaching, on a possible worldwide scale, the sovereign debt crisis of which we've had mere previews in Greece, Portugal, and Spain if (more likely when) this continues beyond the next 4-8 weeks.