REAL ESTATE NEWS — The Greater Depression
The Black Death killed nearly 1/3 of all Europeans in the 1300s. That was quite a plague. Compare coronavirus covid-19, which has killed much closer to zero percent of the population. There is no comparison. The real deadly event of 2020 is the crashing economy, caused by hysteria, as overreaction leads to financial collapse worse than the Great Depression.
Fed chair Powell just admitted that the economy is the worst ever, and the bad news has only just begun.
https://www.cnn.com/us/live-news/us-coronavirus-update-04-29-20/h_20ffee0c7ad410075e8110c32442527c
Goldman Sachs says downturn will be four times worse than housing crisis.
Why Economist is wrong. Economist could be called Optimist for its overly optimistic outlook. Economist fails to look at cascade of collapsing sectors and industries.
While there is always a silver lining in every cloud, we can do without man-made calamities like real estate collapse, poverty, bankruptcy and starvation of millions.
Our government is reporting heart attack deaths, meningitis deaths, diabetes deaths, drug overdose deaths, ventilator trauma deaths, high blood pressure, obesity, epilepsy, kidney failure, mental illness, cancer, liver failure and death from old age as a “coronavirus” death. This obfuscation of comorbidity, resulting in grossly inflated coronavirus death counts, has caused harmful public frenzy. That’s why the panic and shut down must end immediately.
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