Friday, April 10, 2020

is the party still on?

imagine a party in full tempo.

loud music, everyone drunk and dancing...

and suddenly someone pulls the plug on the music.

everyone is jolted out of his and her senses and rhythm.

dancing stops.

now imagine the music turned on again, within a minute.

everyone overcomes the rude jolt of the pause, and resume the dance. party resumes.

now imagine the music not resuming for several minutes...not before the party mood has evaporated.

sure, the party resumes. but not with the same tempo and with same participation.

that is exactly what can happen with the economy as of now.

corona has pulled the plug on the economy's party. the music has stopped and the silence deafening while the world is still intoxicated with an overwhelming hangover.

everything depends on when the music resumes.

if it takes longer, the party may not be left with much of a celebration.

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