Millions could be laid off by the end of April, and that's on top of the market posting all-time losses. When a large portion of American's stop paying their bills (mortgages, credit cards, insurance), stop buying things (vehicles, clothes, ect), and stop traveling (hotels, airlines, restaurants all freeze), at what point does the sudden lack of flow in our economy cause the kind of damage our grandparents experienced?
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My bunker is ready.
Right now, the vast majority of people are on board with the work from home, only go out for essentials, nip this thing in the bud period we find ourselves in (save the millennials on South Beach, but they are considered half-human for the purposes of my hypothesis). We're willing to do our part for a few weeks, maybe a month of two. But this is going to grow old on people faster than we think. If the measures in place successfully chop off the top of the peak, or if we don't see significant numbers of dead among the under 70 crowd, I think there's going to be mounting pressure for governments to loosen restrictions on the healthy portion of the population. If we successfully avoid a peak in the next few weeks, or diminish it, there is going to be pressure to just isolate the high risk part of the population and let the rest of the world get on with life.
I don't know. I just think people sitting around watching their savings evaporate while they wait to go back to work, or out for dinner, or to watch a sporting event is going to wear very thin by May, absent any sort of dramatic spike in deaths across all ages. I really do. Maybe it's just me being crass, but I just don't see us sitting around for more than a month or two before everyone starts to get restless and we're going to see pressure for a return to normalcy from segments of the population that aren't at risk.
We aren’t hardy enough to handle more than that.
They are only capable of tilting in the direction of the wind.
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More rebellion there will be.
Too soon?
And as has been stated previously on this forum, we're out of bullets. It's going to be bad.
Either I have more information now than I did in 2008 (which is likely), or this is much worse, or both.
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