Is it the Apocalypse or just a bit of doom?

[jez]

I know almost nothing about economics other than the basics. All I know is the talking heads are bemoaning the upcoming default. I've heard the economy will crash (what does that mean?). Massive job loss. Scarce resources.

Sounds a lot like an apocalypse to me.

Can some that is actually conversant in economics and things along those lines explain to me what may occur without the rating grabbing sound bites?

I am concerned. I don't have much of a cushion, and worse yet, I work for a bank, which will probably end up getting hit hard.

[neonzx]

I know almost nothing about economics other than the basics. All I know is the talking heads are bemoaning the upcoming default. I've heard the economy will crash (what does that mean?). Massive job loss. Scarce resources.

Sounds a lot like an apocalypse to me.

Hm, well I personally think it will get corrected. Right now there is much hand-wringing and foot-stamping in D.C. but it will not hold. Perhaps I am wrong and am not worried short term as I have a cushion to hold me over.

Heck, we went through the pandemic and the country survived. Thinking we will get through this.

[Patagoniagirl]

I'm with you, Jez.