Economic crash worse than in 2008?

This isn't a recession, it is almost like a depression. It should not have happened and it will take a long time to get back to where we left it, and all for the flu.

 

I don’t know, nobody does. I wouldn’t be surprised if this forced Recession has the opposite effect longrun. Same way Hurricane Katrina devistated the economy on the Gulf Coast, yet spared a recession in the area. Nowhere to go but up, when you’re on the bottom. Much worse, than the usual cyclical recession we were headed for, but we might just have good slow steady growth afterwards. Still a lot more people will be affected, this time. With long lasting economic damage to their lives. Debt levels are high, mostly credit cards. They’ll just write off losses, still making a killing on what’s left.

 

...and no v shape recovery as most expect

 

We are screwed.........

 

Best of luck to everyone to pull through this tough times . Im ok for now , have only $600 payment , rest it paid off . Trying to keep drivers now and keep myself afloat without touching reserve .
Oh ...waiting on completion of the overhaul on one of my trucks

 

Hay, I bought a new truck in 08.....

So I don’t know anything....:-/

 

Yes worse the 08 by far in my opinion. The full effects which have not yet been felt. However it did not have to go this way. Politics, media, etc, blew it to smithereens.

 

Did any of us learn from 2008?

 

Its gonna be bad. This is the one where the middle class takes the lifeline that turns out to be a leash.