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>> a massive whiplash once we start seeing higher unemployment numbers My bet is on this. A lot of people in the market and on main street are assuming that we
by zerkten 6y ago
>> a massive whiplash once we start seeing higher unemployment numbers
My bet is on this. A lot of people in the market and on main street are assuming that we'll be able to get up and running again quickly when we have better treatments and later a vaccine, i.e. there is nothing structural weighing down a return.
I'm not so optimistic because tourism and travel are huge markets with impacts on other markets. I also don't believe that the situation from 2018 until the pandemic was sustainable. Problems existed then, but were not exposed. There are leadership failures in different places, but it's hard to account for all of those across government and business right now.
- yumraj 6y ago> situation from 2018 until the pandemic was sustainable Exactly. Many, most ?, were expecting a correction/recession even without any pandemic in 2019/2020. Now this massive shock is bound to shake everything up. I'm not going to use the D word but recession is a given.