The coming Great Depression

[Jiggs]

...the effect of this virus and the medical ability and democratic urge to save lives, there will not be a post-epidemic labour shortage....

Isn't the virus just the straw on the camel's back for the predicted Great Depression II? Many financial journals and websites have been pointing to the oceans of debt and collapsing globalism as the real forces for the coming collapse. I have been studying the 1929 collapse and we now seem to be where they were in early 1930, just after their dead cat bounce.

I bought TRU when it was cheap because I figure countries will still want a cheap test for cervical cancer, even in a depression, and I figure that other shareholders who expect a coming crash will sell retail, agricultural and tourism shares and buy utilities, so have CEN and GNE for now, waiting for the crowd to pump up their prices. But most of the other utilities look overpriced to me, so I'm keeping my pennies in my broker's account at 1% until prices drop. Should I be doing something else? I read of how sales of lipstick skyrocketed in the 1930s depression but I don't know of any NZ companies manufacturing lipstick.