Bad months (ie recession) when economic fundamentals are this bad can runaway into depressions. You're kind of assuming we know how to avoid them because we haven't had one in our lifetimes - and we are primed for one IMO.

I agree though that money printing will resume eventually, but that just creates another problem. As inflation does, it will make the economy feel like it's growing - and many people will feel relieved, specifically asset owners - but it will accelerate wealth inequality. So then we'll need a treatment for that which is likely debt forgiveness and UBI, which will definitely lead to even more inflation.

Regardless, the fundamentals of the economy are in rough shape; it's inflation or recession and possibly depression. Either is nasty and requires caution for me because I run pretty lean financially.