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Coronavirus credit crunch could make 2008 look like 'child's play'

  • 📰 The Guardian
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Experts warn companies that have gorged on cheap money for the past decade face going out of business

A worldwide credit crunch triggered by the coronavirus will set in motion a wave of corporate bankruptcies that will make the global financial crisis look like “child’s play”, investors have warned.

 

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God has been very kind - He gave us 2008 as a Warning that a real crisis would soon come our way.

It's time to provide everyone with minimum basic income. We need continuity to mitigate disasters.

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