[Fiji Hill]

We are going to have a global depression (not recession) in the next two months if this keeps up much longer. How many restaurants, hotels, airlines, retail stores, etc can withstand a 50-100% drop in revenue for a few months? Hint: Not many. And you are talking 10+ million of jobs, and that’s not counting the domino effects (those losing their jobs stop spending, default on debt, stocks collapse to lower than 2009 etc)

The threat of a catastrophic depression brought on by all this media-driven hysteria scares me far more than does the virus.

[rb22982]

Same, which will cause far more deaths globally than COVID19 would even if left completely unchecked. There are so many things that bend the curve that are FREE we should do first.

1) STOP allowing visitors to nursing homes and hospitals, period
2) Elderly should self-isolate as much as possible, as well as those who care for elderly
3) Encourage people to not shake hands
4) Encourage people not to visit grandma and grandpa for a few months
5) Encourage employers to allow working remote for a couple months.

NONE of these things cost anything to GDP and bend the curve massively. We may be looking at an economic drop similar to the first wave of the great depression if this keeps up much longer.

Worse, because we won't have herd immunity, this will KEEP COMING BACK until we do.