COVID-19 is the climax to this 4T

[David Horn]

(04-05-2020, 01:24 PM)Warren Dew Wrote:

(04-05-2020, 01:16 PM)Isoko Wrote: I would argue and say that this is not a climax but more the beginning of the of the end of the 4T. If I was to describe it, this is more of a Franz Ferdinand moment. The crisis that will ultimately reshape the world.

What's the equivalent of the World War, though?  Once the pandemic is over, it seems to me things return to where they were just before the pandemic, rather than changing.

This is doubtful.  First, the terminating event will either be widespread vaccine inoculations or enough rounds of infestation that herd immunity becomes dominant enough to do it alone.  Unless the vaccine arrives in record time, this goes on for a year or more.  By then, the economy will be transformed, and will not be in any shape to merely snap back.  Second, debt loads will be high, while infrastructure projects, AGW and other must-dos will become even more urgent.

I have no idea why the supposed stock experts continue to be so damn optimistic, when return-to-normal is months to years away.  It's nuts!