I don't think people understand how much economic activity is going on right now. We are looking at three times the normal sales. Three times the normal sales. A lot of that is on perishable goods (milk eggs, bread, etc) consumer spending is 70% of the economy.
Yes, other industries are taking a hit like tourism and travel but that money isn't just sitting there. It's being put into the economy. With the passage of the relief bill people that are forced to stay home will get 66% of their pay up to $4000/month
That will mean that streaming services, utilities, video games, ebooks, home shopping services etc will see more demand even as other sectors see less. In other words the economy isn't going to crash. Today with a plugged in home the ability to spent from home is limitless.
Since the Federal government is backstopping Paid sick leave and we are in a 3.5% unemployment environment, the amount of joblessness this will cause will be contained as companies try to retain skilled workers.
The money not spent will be unleashed as soon as the all clear is sounded which will give a bounce back to most industries quickly.
We all aren't going to die (98-99%) make full recovery
There will be no Zombies
The economy isn't going to end
Society isn't going to collapse.
We all aren't going to die (98-99%) make full recovery
There will be no Zombies
The economy isn't going to end
Society isn't going to collapse.
Also add into this fact that active containment and mitigation procedures are in place will mean that the entire country isn't going to shut down at the same time. People in TX aren't going to be impacted by a cluster in NY.
There aren't millions of us walking around with the virus unknowingly for the simple reason we aren't seeing people showing up in the medical system. If 20% require medical care, it means we would be seeing those cases, if everyone was infected like the media is trying to suggest
Since testing is coming online, we will be able to quickly test a cluster's population around an outbreak. Shutting down spread in that area, instead of only trying to trace a cluster by contact and history of movement. Someone gets sick u test the immediate area around him
...finding the positive ones and removing them from the population until they recover. The vast majority of infection will be picked up this way and the rate of increase will slow. While all this is going on most people will continue doing their daily lives taking precautions
So calm down, take a breathe, stop running worst case scenarios in your head. Cases will rise. Steps will be taken. Cases will fall and life will continue on.
