Yeah there was a good chance on that, though it at least was well telegraphed before hand so we all knew, if we believed what he said.
Your right to some extent about the recovery being long-term. Also with this additional big knock to US reliability and interest in stability (this has been a concern for a long time), the recover will not be back to the old norms and the move by many to move away from US dependency in so many areas will continue just as strong. Over the long term this is going to persist hurting the US citizen and small business, and small investor and undermining them and their prosperity. Yet some in the US will not hurt they will get very rich, as happened with the pandemic with the 600 wealthiest they have, on average, nearly doubling their wealth, where the winners, well all the rest lost then and for many just kept on losing afterwards.
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