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>panic buying of everything It's not panic buying when you are basically told to stay in your home for weeks on end. You say two weeks- but in Washington here
by mrlala 7y ago
>panic buying of everything
It's not panic buying when you are basically told to stay in your home for weeks on end. You say two weeks- but in Washington here our schools are closed for SIX WEEKS. People want to be prepared. I have kids, they eat like adults. Do you realize how big of food shopping trips people normally do every 1-2 weeks anyway with full families? And we simply don't know if production is going to slow down, how fast stores with be able to resupply various items. Might be no big deal or might be a problem.
So I think you really confuse panic buying with being prepared.. having to go to the store every few days because you don't stock up pretty much defeats the purpose of what we are doing.
>markets down in historic marker
And why should it not be? The markets were already pushing themselves to the limits.. you add a simple normal reversal on top of this mess and you get exactly what we are seeing. Plus, there is no modern equivalent for the economic impact this will have. It's going to spiral and seep into every aspect of the economy. Why shouldn't the market plummet? The uncertainty is almost unfathomable.
>everybody acts like they can't make the next payment
Well.. you have tons of people who simply cannot work right now. Enough people in the country/world live essentially paycheck to paycheck anyway- now suddenly we take away potentially weeks/months of income? What do you expect?
>We are so under-prepared for anything really serious.
Yes and no. This situation just shows how utterly fragile all parts of the economy depend on each other, how much supply chains are linked, and how much we take it for granted that everything is always working as usual.
- true_religion 7y agoI am curious if other people are shifting their buying habits. For my family, we have been buying more staple goods that keep for a long period of time like rice and beans. Typically, we don’t eat either of those, but that’s the only thing that will keep you fed if grocers are empty for a month. I think this shift of buying could be called preparedness, but in another way it’s a panic because it’s a serious change in behavior.
- jmalicki 7y agoI have been buying fewer Staples and more perishables - because no staples are left on store shelves, and meat and produce are the only food left to buy.