Originally Posted by
Boggie Dog
I'm not an economist either but many businesses that fail were already on the brink and just needed a small push from anything to put them over the edge. And for businesses that do fail there will be others with the capital and the ability to fill that gap in due course. I know it is tough to lose everything but hopefully business owners,and employees alike, have set a nest egg aside for a rainy day, it is about to storm big time!
You are missing the fact that as small businesses and homeowners with mortgages begin to default on their loans, the banks will be heading in the direction of collapse. I think we are a long way from that in the US, but it is not the case in many other countries. When the financial system gets close to collapse, even if in just one region of the world, that is when the cure is truly worse than the disease.