Every man for himself? Downward spiral?

17 Mar 2020

LONGTERM

• Trade from abroad countries will be restricted (other countries doing the same and this will trigger a downward cycle similar to the crisis before WW1)
  
• Big car companies and banks, who seemed to be the basis of security and prosperity are breaking down
  
• Falling tax revenues but rising social spending
  
• For years Germany tried it's way out of the crisis by saving money
  
• Living only since the state puts billions into saving them from desaster
  
• Jobs being shifted and the threat of a downwards social spiral
  
• Loss of any options for taking action affect the coordination
  
• Negative rates