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Steve Keen says its a coming financial catastrophe as in covid, folks accumulated a yrs charges, without a yrs income.. its the first slump without a berm first


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Steve Keen  on a pod cast , as impressive as ever 

https://realprogressives.org/podcast_episode/episode-99-a-modern-debt-jubilee-with-steve-keen#fwdmspPlayer0

I paraphrase Steve Keen from this podcast  

Steve Keen says its a coming financial catastrophe as in covid, folks accumulated a yrs charges, without a yrs income.

He says its the first slump without a berm first

 

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He is saying there has not been an economic boom before the downturn. Which is true if you ignore stocks, housing,education and bonds.

+ Furlough money with no commuting costs, BBL and not going on holiday - I would say at a macro level probably not but at an individual level many have had the best year of their recent lives financially 

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