All the dominoes fall now. It is socially acceptable for normies to cancel everything. Economic bloodbath tomorrow.
Hanks getting it shows normies that anyone can get it. Trump speech means MAGA crowd doesn’t have to hold the partisan ‘virus nothingburger’ line anymore. NBA suspension means it’s okay to cancel without looking like a nut.
If 2008 was the big business crisis, 2020 is the small business crisis. ~All events cancelled by EOW. Schools end of next week. SMB implosion starts shortly thereafter. Few can weather a 2-3 month cash flow disruption, and SBA can’t deploy funds fast enough to get ahead of it.
2008 was a sudden evaporation of paper value, followed by softening of demand; this is a sudden evaporation of *actual demand,* followed by a softening of paper value. Small businesses can deal with paper changes, but not cash flow changes.
Regardless of the health impact of the virus, seems there will be an unprecedented ~overnight culling of the small business herd. Economic bloodbath starts tomorrow in earnest. Buckle up.
