Economic crisis coming up?

[Southern Senator North Carolina Yankee]

It comes down to time and the longer it is, the greater the threat of some unraveling be it corporate debt or otherwise.

There is also discussion of a commercial real estate collapse as well. As rents are being blocked, this could leave debtor owners of commercial property insolvent leading to a big problem.

The one upside here is most of the jobs being eliminated are service sector jobs, so barring the firms liquidation most of them should return.

I must say I agree with Pbrower's assessment of some of the underlying problems. The lack of savings and long term investments has been a general weakness in our economy that is built on heavy debt loads and spending like crazy until you hit the limit, then you get the hard crash.