Because there are billions of dollars of liquidity that need to stay in available circulation for ordinary day-to-day business to operate, from people using credit cards to stores being able to buy inventory.
If the banks and major financial institutions cannot supply that liquid capital, credit is no longer available, and a large, very important section of the world economy ceases to function. It hasn't happened yet, so the stores and your employer are still functioning. However, people who know what is coming are pulling out of the stock market, because so many businesses will be unable to run that those stocks will be valueless. (Keep in mind the people still holding those dwindling-value stocks are mutual funds -- owned mostly by ordinary people and pensions.)
How much do individuals and businesses buy on credit? (Even short-term, net 30 stuff, not even counting mortgages and business loans.) That is how big the worst-scenario impact may be.
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If the banks and major financial institutions cannot supply that liquid capital, credit is no longer available, and a large, very important section of the world economy ceases to function. It hasn't happened yet, so the stores and your employer are still functioning. However, people who know what is coming are pulling out of the stock market, because so many businesses will be unable to run that those stocks will be valueless. (Keep in mind the people still holding those dwindling-value stocks are mutual funds -- owned mostly by ordinary people and pensions.)
How much do individuals and businesses buy on credit? (Even short-term, net 30 stuff, not even counting mortgages and business loans.) That is how big the worst-scenario impact may be.