Long term repercussions from Covid-19 what will they be?

[wave46]

Well, if Newfoundland is the canary in the coal mine, we'll likely see serious belt-tightening by the provinces soon enough.

Or national governments - Italy may feel the brunt of a second debt crisis once this is all said and done.

Debt markets are getting twitchy about loaning money, which means that interest rates will climb on shaky debt issues.

The binge of cheap debt may be coming to an end for some places.