I'm monitoring CNBC and I'm watching the Dow Jones dip below 20K before popping back up. Additionally major retailers are announcing that they're gonna be closed indefinitely with AMC Theaters announcing that they'll be closed for 6 to 12 weeks.
That's all huge.
Add to it that Auto Workers are asking for a work stoppage because of corona, the President is floating the idea of sending every person in the US a thousand dollars and the Fed has gone ape shit lending money and you have a deficit that has exploded.
Which brings me to the subject of this post.
What does this do to the defense budget/modernization? We've all heard the talk of the terrible 2020's but I never thought it would be like this.
It's gonna be bad but how bad? Will they be forced to adopt to the new reality of flat or declining budgets. What are your thoughts?
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