Bone, it’s just the new reality of the situation once we closed everything down. We have band aids in place...Fed buying $18.5B of mortgage bonds to prevent the very liquidity issues I mentioned. Their balance sheet is over $5T already and there's not a lot of room left to buy much else. They will continue to buy what they can, but the longer this goes, the less likely it will be that they can prevent the damn from breaking.
There will be a reset and after X number of years, we'll collectively be just fine. But from point A, to point B, there's going to be an unbelievable amount of economic pain. It will also lead to a lot of innovation, a lot of decoupling from other countries and we'll no doubt be better off as a result when we get it all figured out.