The “Greatest Depression” has begun. Unprecedented in world history, much of the world’s economy has been locked down to fight the COVID War. Hundreds of millions of lives and livelihoods have been destroyed, and tens of millions of businesses will be wiped off the face of the Earth.
Yes, there will be a bounce back, but it will be short lived. Unemployment numbers will decrease but not because new jobs are being created… a small percentage of workers will be returning to their old jobs.
And, yes, there will be short-term economic spikes as economies temporarily rebound from their COVID War lows, but the devastating lockdowns, which are again being imposed by governments, will sink both developed and undeveloped nations deeply into the “Greatest Depression.”
When the reality of the “Greatest Depression” sets in and government stimulus is no longer boosting it up, high-flying equity markets will crash around the world.
