本帖最后由 匿名 于 2020-3-12 14:29 编辑
Reserved bank only pay back $50K if the banks go bust.
There will be some defaults payment by small businesses. Many used their houses as securities.
Some medium businesses also felt pressure, many workers to feed, they have to act quick as every week is incurring loses.
Some large businesses ------- the damage is yet to ascertain. If they don't do redundancies, many workers will got nothing to do, and only go to office chatting. haha. To stop the bleeding, there will be a restructuring and job cutting.
If one has a mortgage of $1million, $800K, the pressure is there.
Don't count on the government, they will be some promises for a few weeks cash after that....... live or die on your own.
Whichever sector you are in, this is an interesting time, not just the virus infection, but the economic consequences.
- The reporter from the future
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