Tue Apr 7 15:59:29 2020
<773ab1f1> <https://www.bloomberg.com/news/articles/2020-04-07/blackstone-s-schwarzman-sees-virus-wiping-5-trillion-from-gdp> said differently, 1/4th of the 21 trillion$ GDP will be wiped out
— Steve Schwarzman Sees Virus Wiping $5 Trillion From GDP
— Social distancing measures put in place to combat the spread of the coronavirus are unprecedented and creating massive disruption in the business community, said Steve Schwarzman, chief executive officer of Blackstone Group Inc.
<773ab1f1> That $5T will move directly to the debt side of the ledger. So in a matter of weeks, we go from $21TGDP/$21TDebt+- to , $16T/$26T