I noticed in ARD business news today....a short piece where the trade association HDE stood up and says around 50,000 business fronts will declare bankruptcy in 2021....because of Covid-19.
Gov't aide? Not enough or delayed.
Another part of the report suggested that a minimum of 500,000 jobs will be lost in the chaos of 2021.
A snowball effect on mortgages failures? Well....no one talks about this issue but you'd have to worry about how banks would let people handle this issue, and if the government might step in with more cash (out of thin air).
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