RE: ISA Top Up Time SOON.2 Apr 2020 15:13
I think people are underestimating the problem. The S&P currently sits at a level slightly higher than December 2018, the situation is much graver than that. Weve seen a massive shutdown of the world economy, thats going to result in many businesses go under. The shutdown will create massive deleveraging, the deleveraging means asset prices will fall, peoples incomes will fall meaning the ability to take loans will fall, ability to pay back loans will fall. There will be a chain reaction.
Once we get past the peak of the corona virus society will not carry on as it was before, habits will change, behaviors will change economic activity will fall.