Well I think if something like this had happened before the internet economy it would have been much more disastrous. Most people I know have not had their income affected yet and even got an extra few bucks from the government.
Whether that made sense or not is an argument for another day. :-)
But they are shopping online at a faster Pace than before
Here in Arizona there are 2 lakes that aren’t in the national forestry and so were opened up to lake goers. A friend of ours went out to Bartlett Lake (northeast of Phoenix) and in his 30 Years of living here he has NEVER seen Bartleet as full of people and boats as it was yesterday! Americans Will not stay shut in forever
Add to the list....
Commercial Real Estate values are going to be cut in half. Why? Many of the people working remotely today are never going back home. When this happens banks are going to be stuck with huge portfolios of unsold properties. Did you think 2008 was bad? Here’s your government saying, “Hold my beer.”
The internet is keeping people home... which is the opposite of what we want.