I’ve consolidated and summarised points that signifies a “bigger” crash (to me at least):
Norway wealth fund lost record $113 Billion (World’s biggest wealth fund) Soon have to liquidate its position to cover Norway’s emergency spending measures Up to 30% of all mortgages will default in US 6.6 million unemployment claims within 2 weeks compared to (2008) 6 months of build up to 10 million unemployment claims Service sector accounts for 70% of US economy Total household debt balances rose by 601 billion, hitting the highs of $14 trillion (growth this large was similar to 2007) 109 billion in US treasuries Dumped US manufacturing slumps to biggest contraction since Financial Crisis Global lockdown on many places
What this means?
We are still at the head of the effect.
Lesser income earned today = Lesser money will be spent tomorrow.
Real...