1) Supply & demand has been reallocated across the economy, with travel & events zero'd out, remote work & masks to infinity
2) Virus permanently changes public behavior
3) Supply chain disruption just starting
4) More still en route:
Demand won't quickly come back, borders won't easily reopen, international relations won't be the same.
- every citizen is being tracked
- borders have been closed
- demand for many products is way down
- daily behavior has changed
And the US is on track for more disruption than China.
sciencemag.org/news/2020/03/c…