Despite our animal spirits, Covid-19 has an animal spirit all of its own. COVID-19 is literally “going viral.”
The human race is doing a great job of reducing the death toll. But that will not stop people avoiding the potential risk. We are heading for a dark winter, and entire industries will be bankrupt.
How long can the technology and health sectors prop up this economy, when the average person cannot buy an iPhone or afford healthcare?
Every business leader I speak to, sees a bleak winter, cutbacks and redundancies.
Batton down the hatches for winter.
The white walkers are coming.
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This is exactly why we must crash. Not enough consumer dollars to buy all the new innovations bestowed by technology let alone pay for basic necessities as businesses cover their own asses and hang workers out to dry.