- Aug 28, 2011
- Reaction score
I think some areas would roar back pretty quickly, while others will be impaired for a while. The people that are scared sh*tless and hoarding toilet paper aren't likely to go back to eating out anytime soon. Or flying on an airplane. Or sitting in a 50K stadium watching the Gophers in September. A lot of people in the industries hardest hit (airlines, restaurants, retail, etc) will need to repair their savings, pay off debts, etc and probably won't immediately start spending again like they were in February.An actual constructive response from S2. Congratulations.
So, you contend that if somehow, magically - which is the condition I set above - the crisis was solved tomorrow, the economy would not recover nearly immediately? Yes, the malls would go back to normal in that case. Yes, commercial real estate would remain essentially the same. I don't believe that working remotely is the most effective form of work for a variety of reasons. Is it feasible to do some work remotely? Absolutely - and yes, flexibility has become a bigger part of the equation. Yet operating remotely can still be cumbersome - even with Zoom and all the other online connection tools. So I disagree it will disappear or drop precipitously.
Even if the crisis is not magically solved, but we do find a feasible solution within the 6 months and we can resume the new normal, I feel like the economy would bust back open. There is a lot of repressed spending right now as people take cover. Those dollars will fly if this thing gets solved.
As for your 2nd paragraph - you are a person that advocated for the $2.2T blank check. So, your comments here ring pretty darned hollow.