Loading ...Looking at these markets we clearly get a sense that we have a recessionary trend into 2022 and there is no way the economy is going to be back to normal. We have probably the worst crop of politicians ever to have taken office like New York’s Mayor — for not keep his social distancing rule. It is people like him who have no sense of history and failed to comprehend that turning people against one another will not end with this lockdown. The changes they have inflicted upon the people have undermined the critical cohesion necessary to form a civilization.
The retail sector was showing this trend was underway. Using this virus has escalated the cycle and instead of flattening the curve, it has extended it profoundly creating damage that will not be overcome in the blink of an eye.
We should expect the retail trade, restaurants, movies, and shopping malls to have suffered very serious economic blows to the point the scare tactics of the press will result in people reluctant to socialize once again as they use to.
I can confirm that there is talk to allow states to declare bankruptcy to escape pensions and debts. This will become a major issue as we move forward.
I maintain that this is either a deliberate attempt to destroy the economy so the Climate Change contingent can rebuild the economy in their own vision as was alleged with Nero creating the Great Fire of Rome so he could build his palace, or this is an example of the most inept stupidity in all of human history.