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The problem is that the externally driven factor can cause systemic issues. Having 25% retail & restaurant sales for a year will wipe out savings for a signific
by JoshTko 7y ago
The problem is that the externally driven factor can cause systemic issues. Having 25% retail & restaurant sales for a year will wipe out savings for a significant portion of the world. Most people will be fearful of spending for a long, long while.
- hkmurakami 7y agoThis is particularly acute since the American economy derives a big part of its drive from consumer spending, unlike other economies that may be more producer or infrastructure driven.
- paulmd 7y agoAirlines are another one. The market expects domestic travel bans Soon (tm), forecast for United is revenue is down 9% this quarter and 95% next quarter. https://www.cnbc.com/2020/03/16/coronavirus-makes-airlines-consider-chances-for-a-halt-to-us-flights.html https://www.cnbc.com/2020/03/16/coronavirus-makes-airlines-c... I'll be curious how this affects package delivery, personally. A lot of 2-day shipping flies on those passenger planes. If anything shipping volume will be up but there will be fewer planes to put it on.