I think the shock will be deep and last for a couple of years at least.
Using the U.S. stock market as a metric, the 1929 crash took 27 years and a world war to recover.
tanstaafl.
Hard to judge what the societal impact will be. Agree with Matt that the world over we're led by donkeys at the moment, and the poor are really going to suffer.
Will this lead to social unrest? Will sentiment towards offshoreing everything change? Definitely lots of pain for years to come, unless you're sitting on big piles of cash.
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