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>...this one is purely externally driven (like 2001) - which means it's temporary. This can't be stressed enough. It may take a while but everything is going t
by m_a_g 7y ago
>...this one is purely externally driven (like 2001) - which means it's temporary.
This can't be stressed enough. It may take a while but everything is going to be alright and normal again.
- addicted 7y agoI don’t get this. If a meteor hits the earth and wipes out 25% of the population, that would be external. But there’s absolutely no reason to believe the significant reduction in economic activity and wealth would be temporary.
- matwood 7y agoYou think COVID-19 is going to kill 25% of the population?
- kaitai 7y agoIf economic impacts to less-well-off people continue, though, we're going to see significant impacts on consumer spending. If economic impacts wipe out every small business without enough cash to stay afloat for 2 stressed months, we're going to see significant consumer spending, employment, and consumption impacts. Fine, everything will rebound in eight weeks... except for my local taco place, ramen place, pizza place, sporting goods place, and bookstores, which can't pay their rent for two months given a huge reduction in business.
- tjs8rj 7y agoExcept local and state Govs have thought of that. Many localities and states have rolled out rent-freezes and interest-free loans to stop-gap those issues.