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To: DouglasKC

The economic devastation this has caused will be evident fairly quickly, especially small and medium sized businesses, and unemployment (which I believe will hit 20% in April). Leisure and hospitality and retail ex supermarkets/big box will take years and years to recover (22 million jobs just there). I think we’ll have another big leg down in the stock market soon.


97 posted on 03/30/2020 9:00:21 AM PDT by rb22982
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To: rb22982
The economic devastation this has caused will be evident fairly quickly, especially small and medium sized businesses, and unemployment (which I believe will hit 20% in April). Leisure and hospitality and retail ex supermarkets/big box will take years and years to recover (22 million jobs just there). I think we’ll have another big leg down in the stock market soon.

I don't think it will be that long. There's going to be big vacuums in certain industries and enterprising people with capital will swoop in to fill the void.

108 posted on 03/30/2020 9:08:58 AM PDT by DouglasKC
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