ROFLMBO. Some folks take the Chicken Little role waaaaaay too seriously. You think people won't buy or rent houses? They'll all live under a bridge, and owners and landlords will simply be content to hold empty units for the long term? People don't want to travel anymore? Beaches aren't loved anymore? Cruises (which are typically booked months or years in advance) will be empty despite already being paid for? (Hint: every cruise line is still selling tickets for any cruise that sets sail after JUL 1... and people are still buying them.)
Retail malls were already on their way out, thanks to online shopping and delivery, so you don't get any points for getting that one correct. The new flu simply hastened their coming demise.
(Personally, I was tracking airfares pretty closely for the last two months, hoping to snag some bargains just before the prices came back up... but about 5 days ago, they jumped back to normal. I waited too long. Cruise fares, as far as I can tell, never wavered much. A ticket for any JUL cruise is still just about at the usual cost. I did get an $18 airfare from Chicago to Denver... $3 ticket and $15 in taxes and fees, actually... definitely fascinating, and worth the cost even if I don't use it. LOL)
people with no jobs do not spend money. people with no jobs can’t pay their bills. people who don’t get paid what they’re owed can’t pay their bills. rents, mortgages, car loans, credit cards, cell phone bills.........loans don’t get paid. banks fail. then there will be bail-ins (not bailouts). this is where the bank confiscates your money in exchange for worthless ‘equity’ in the bank. besides, it’s not your money. you didn’t deposit in the bank for safe-keeping. you lent it them. how far down the list of creditors do you think you are when the bank fails? 75 mutual funds in Europe have gated their funds. That means investors cannot get their money. coming to a MF near you. you think airlines can stay in business offering $15 airfare? w/o government welfare payments, they’d be out of business already. Boeing, GM, Ford....all heading for bankruptcy w/o handouts. lets talk in 6 months and see who’s right.