Will it end in a global depression?

in reality, all of this has been a total load of old bollocks
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GoogaMooga
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Will it end in a global depression?

Postby GoogaMooga » 12 Mar 2020, 04:40

At this stage we've got a pandemic and a recession seems unavoidable. Question is, will it end in a depression? That could last years. There has not been a global depression since the Crash in 1929. Are we geared for that sort of thing now? The Danish economy is mainly small to medium sized companies, and it does not take much pandemic corona virus to affect their liquidity. In Denmark, it's export or die.
"When the desert comes, people will be sad; just as Cannery Row was sad when all the pilchards were caught and canned and eaten." - John Steinbeck