Taking a Closer Look at that Oncoming Train
The President of the United States keeps talking about the light at the end of the tunnel. But even his top economic advisors don't expect the economic aftershocks of this crisis to end for 18 months or more. Those shocks will be severe, throwing the whole world into depression, perhaps 195 million people to unemployment, 130 million people to severe food insecurity, raising the possibility of famine in 55 countries, and generally creating negative global and US national economic and social conditions that no person alive has ever seen. All of those will in turn have massive knock-on effects…
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