Alternative Metrics, page-2660

I think the thing people don't understand is this crash is not like GFC or any other crash.

with GFC people were still going out and sectors hit for example in Australia were mining.. true it was a big sector but it is nothing like the airline, tourism or catering or entertainment and retail industry just try to imagine the lay offs.

Additionally the most important thing is during those crashes people were still going out and money were still being spent. But with coronavirus people get locked down. Venues forced to closec money stops moving.

if this lock down or shut down is prolonged then many business will close especially those that don't have a big balance sheet or able to obtain more credit.

The rest is imagination.