I'd bet money this isn't nearly as bad as 2008.

You are so incredibly wrong. In 2008, only 1 sector of the economy was fuct up. Right now virtually all sectors except online are screwed and eventually online will dry up because no one will have any money. When the Fed cuts huge, huge QE bigger than 2008, and direct payments to people, you know this is a lot bigger deal than 2008. And it is. The early data out of China showed a 20% drop in factory production, instead of the analyst consensus estimate of -4%. That's huge. The SOx levels over Wuhan haven't increased like they normally do following the Chinese New Year. This is all cause for concern.