Quote:
Originally Posted by sterlingice
Yesterday, I read wording to the effect of "the economy is already dead but we just don't know it yet".
There's this idea that when we open things back up, the economy will roar back to life. But so many people are not going to be comfortable doing things until there is a vaccine. And few businesses can survive scant business for 2+ years. Similarly, many customers and businesses have already changed their habits permanently. And many jobs lost are not coming back with another jobless recovery - probably not all 30m or whatever - but a large enough chunk of those to matter.
I know I'm pretty worried that wording is accurate.
SI
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My wife was reading an article this morning talking about that. It detailed one of those ax throwing places in a state that just reopened, I don't remember which. They had 2 customers over the weekend, People are fooling themselves if they think we are going back to anything resembling normalcy.