I have seen NO reduction in construction projects, in fact my city has seen opportunity to rip up major roads and leave them in shambles with fewer drivers on the roads.
And office, apartment, and retail construction has not let up. They didn’t take off one day for lockdown even at the earliest or worst of it.
Yet with 30% of businesses vacated, do we even need to new retail spaces and restaurants?
As someone active in private equity transactions in this market space for 30+ years,I can report that most of my clients are doing OK for the moment, BUT, while their WIP, current operations, etc. are holding up, the backlog is drying up. Washington DC is the exception. This industry sector is just one of many ‘canaries in the coal mine.’
This is 2008 on steroids coming up. We are on the cusp of historic change...for the worse. We are caught up in a Greek tragedy in slow motion.
Trump bought us a little time and isolation from the global corruptocrats, but that is winding down.
Freepers, if they aren’t already, now absolutely must become preppers.