There has been a new financial crash slowly building up for ten years. Central banks and politicians have cut interest rates and printed money to try and get a stronger recovery since 2008. Many companies are over extended in debt and ill prepared for the next crash. Nations also have much the same problem, sovereign debt is astronomical.
Many have been waiting to see what it was that would pull the trigger on the next crash. Currently, Covid19 is favourite. If this spreads as badly as many (and I for one) think - then the rest of the dominoes will rapidly crash too. It will not be the sole fault of Covid19 - but it could be the last straw that breaks the precarious system.
Already this week, central banks and politicians are saying that they will be supporting their economies. That means printing more money and creating more sovereign debt to support business and health. That, of course, will only make matters worse in the long term.