The domino effect Covid-19 on our financial market

Unlike all other times before, our economy is over-leveraged like never seen before. The COVID-19 shut down of main street mom-and-pop stores will trigger a snowball effect onto wall street. However, cutting rates to zero and Trump throwing his last cards in will only kick up a temporary fix. In reality it is adding more fuel to the fire by further extending the leveraging, and thereby, volatility of the market, until this all crash into a giant complete free fall.

Earlier in a podcast Chamath also explains that we are basically facing a choice: save the people, or save the markets, and we are choosing to save the people.

If you look at the link from Draper, he is a VC, and is clearly looking at the situation from a more financial stand-point. His push to reopen business as usual might sound cold, given the situation, but it has legs, at least from a purely economical point of view.