What will triggers the great depression is the huge decline in consummation. It will be a month since the end of the lockdown here and my expense have been cut in more than half. I'm not the only one. I've repaired my bike and did not buy a new one for summer as intended, friends of mine did delay their new car (they don't need it as much now). working from home made people less afraid to cook for themselves and thus they are spending a lot less.

Restaurants opened this week and my sister told me it was so calm she was able to study during the service, and nobody said anything. If anything i spent 6 time more during the first month of the lockdown than the first month after the lift (500 vs 3K, not counting rent). I still have planned expenses but for my vacations, after fixing my wing, i will kitesurf around where i live and camp rather than go to the mediteranean. I assume most people like me will do the same.

This comportment, if widespread, will cause a great depression-like event. Still won't change.