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To: Codeflier
the virus is the pin that popped the bubble. the coming depression has been years in the making. it's about the debt. mountains and mountains of debt. personal. private. corporate. government.

many industries / market sectors will never return as they were. commercial real estate, retail malls, travel, tourism, airlines, cruise lines - and related supporting /feeder business - will all be (are being) absolutely crushed.

9 posted on 04/23/2020 5:31:03 AM PDT by wny
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To: wny
many industries / market sectors will never return as they were. commercial real estate, retail malls, travel, tourism, airlines, cruise lines - and related supporting /feeder business - will all be (are being) absolutely crushed.

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)

16 posted on 04/23/2020 5:59:16 AM PDT by Teacher317 (We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
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