I initially thought opening up would cause a nice surge and perhaps jump start us back to high economic activity levels. However, we’ve seen States dragging their feet and placing absurd restrictions on opening up such that a jump start will not be possible.
I fully expect a total collapse by mid July. I just got some extremely bad news about the airlines industry today. Expect massive layoffs across the airline industry and their respective suppliers. The airlines are already at 96% down. Yes, that means they are booking only 4% of passenger travel a this time. They are now finding the federal and private equity bailouts will not sustain them and need to basically close shop.
It’s horrifying.
The point about states dragging their feet was exactly what I was trying to tell one particular rose colored glasses freeper more than a month ago. The moment the states locked down Trump basically ceded 100% economic power to Democrat governors. It only takes a few big blue states to remain down and the economy will crack. It’s now coming to pass.