Generational theory, international history and current events
https://www.gdxforum.com/forum/
I think Death Canary is correct in his assessment and if he sees it and I see it, Bezos surely does and the Fed does too. The time to restructure the economy has long passed and, just from the perspective of Amazon, we can see how far the past 12 years has led us down the path of complete collapse. Amazon has taken their profit margins from less than 2 to about 5, but it's not going to be enough in my opinion.
Here Comes the COVID-19 Baby Bust
The U.S. could have hundreds of thousands of fewer births next year than it would have in the absence of a pandemic.
Joe Pinsker
November 24, 2020
The resulting decline in births, whenever it kicks in, could be quite large. In June, the economists Melissa Kearney and Phillip Levine projected that 300,000 to 500,000 fewer babies might be born in 2021 than there would have been otherwise. “We see no reason to think that our estimate was too large at this point,” Kearney told me five months after the analysis was published. “In fact, given the ongoing stress for current parents associated with school closures, the effect might even be larger than what we predicted.”
https://www.theatlantic.com/family/arch ... ust/617149The experts I consulted did not expect every missed birth next year to be made up down the line. “Some women will age out of fertility, but even for those who don’t, many couples are likely to experience persistent earnings and income loss on account of this economic crisis,” Kearney explained. “That will mean fewer babies born ever, not just this year.”