Sadly not everyone who is a capitalist has the genetic Irish tenaciousness!
Think through the repercussions of this illustrative example and apply it to MONTHLY BILLS to pay to LENDERS/LANDLORDS that are ALSO have their OWN LEVERAGED Balance Sheets to deal with:
US mall owner Taubman is telling tenants they must pay rent amid coronavirus
So we will have to wait out to see the Massive Domino Effect IMHO from DRACONIAN Economic DISLOCATIONS worldwide that look much worse than COMBINED effects of: 2008 Great Recession and effects of 9/11/2001
So IMHO we are destined to a NEW Worldwide Economic REORDERING!
DEBT levels in last decade are 2X: is every lender going to be understanding and lenient???
Lots of folks as identified by many Fed Reserve studies and even Pew Research have stated for the last few years people are living paycheck to paycheck and IF a $400 bill comes up they have to BORROW or sell something!
Best to have NO Obligations or Debts!
FEW understood how finely tuned and optimized the US economy WAS while under that surface LOTS living on the PROVERBIAL EDGE of the CLIFF and that is versus the tumult in SA; Africa; UK/Europe.
China HAD represented a large portion of the world's growth for the last 2+ decades. And US has been the world's economic floor which has crashed through.
Reminder::
State Budgets SQUEEZED with rising costs & declining revenues ( businesses shuttered; consumer psyche impacted as living paycheck to paycheck killing already soft real estate mktS means LAYOFFS as States need to balance their Fiscal Budgets
UNFUNDED City,State Pension Liabilities have NOT been addressed in last decade PLUS and obviously have in recent months headed down the toilet re worldwide stock markets.
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