COVID-19 is the perfect 4T event?

[David Horn]

(04-28-2020, 02:49 PM)Warren Dew Wrote:

(04-28-2020, 12:40 PM)David Horn Wrote: We're already entering a deflationary period, which is the worst form of economic crisis.

That was true in 2008-2009.  The Covid-19 recession, however, is a supply side recession, not a demand side recession.  Printing money doesn't work when you won't allow people any additional goods or services to spend the money on.  At most it can get us stagflation back, which is worse than what we have now.

Ask the industry moguls, "How many workers will you rehire?"  Almost none expect to hire anywhere near the same number they had on staff before this all started, so where do their customers get their money?  With unemployment likely to be well above the 2008-9 recession levels for years, that spells deflation writ large.