18 months seems rather precise! Who is this expert, post the link so that we may savage his credentials and overall reputation.I just watched a video where a financial expert is predicting a great depression if this virus lasts 18 months in 2020. How many think that's a possibility?
That was an infomercial by Jim Rickards not an economists prediction.
The same way you have an orchard today:With so many businesses going under, people out of work, food/meat shortage, gas $ in negative, bankruptcies are expecting to rise, I can't help being concerned about our economy and I'm wondering how someone on a fixed income can prepare for the worse. Also, what would the worse look like? Would we still have electricity?
Maybe I've been reading too much and need to chill.
If this virus is mutating, there is no vaccine. Flu vaccines are hit and miss. Usually a miss. This thing is going to have to burn itself out. Like a campfire. You must spread the coals apart, not add new tinder (victims).That's perfectly in line with my own expectations.
My guess as a layperson is that vaccines will become widely available sometime around mid-2021, and until then economic activity will be severely curtailed in most places.
The economy is suffering dramatically already, and it's early yet.