Thanks. I despise when people speak in absolutes and act like they have every answer. Not directed to you KRJ, but If AND THAT IS A BIG IF, the forecasts are true that we could see levels of unemployment at 30% that level exceeds the Great Depression. The St. Louis Fed put that out. There is no flipping the switch and turning it back on. Why are those forecasts any less credible to Cat? How many will die from that?
My point being if we were to hit that level of unemployment there are far more dire consequences than many believe.
Agreed. It would essentially destroy the economy, and I can't even think about how we would recover from that.