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Coronavirus.

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We have been advised not to go to pubs and restaurants, cinemas and other public places, to protect ourselves and others from the Coronavirus. Are we still able to work? Can we still obtain stock? Will we continue to visit workplaces like offices, shops or homes? Will we be provided  with fiscal support if we can not trade, especially if we are self employed?


University College London is predicting up to 250,000 potential fatalities from Coronavirus in the U.K.


How does the pandemic affect you?


Whaddaufink?


Z.




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    Debt deflation



    Crowds outside the Bank of United States in New York after its failure in 1931


    Irving Fisher argued that the predominant factor leading to the Great Depression was a vicious circle of deflation and growing over-indebtedness.[37] He outlined nine factors interacting with one another under conditions of debt and deflation to create the mechanics of boom to bust. The chain of events proceeded as follows:



    1. Debt liquidation and distress selling

    • Contraction of the money supply as bank loans are paid off

    • A fall in the level of asset prices

    • A still greater fall in the net worth of businesses, precipitating bankruptcies

    • A fall in profits

    • A reduction in output, in trade and in employment


    • Hoarding of money

    • A fall in nominal interest rates and a rise in deflation adjusted interest rates[37]

    Z.
Reply
  • 0
    Debt deflation



    Crowds outside the Bank of United States in New York after its failure in 1931


    Irving Fisher argued that the predominant factor leading to the Great Depression was a vicious circle of deflation and growing over-indebtedness.[37] He outlined nine factors interacting with one another under conditions of debt and deflation to create the mechanics of boom to bust. The chain of events proceeded as follows:



    1. Debt liquidation and distress selling

    • Contraction of the money supply as bank loans are paid off

    • A fall in the level of asset prices

    • A still greater fall in the net worth of businesses, precipitating bankruptcies

    • A fall in profits

    • A reduction in output, in trade and in employment


    • Hoarding of money

    • A fall in nominal interest rates and a rise in deflation adjusted interest rates[37]

    Z.
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