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Old 04-09-2020, 01:59 PM
Still-One Still-One is offline
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Join Date: Apr 2009
Location: Milford, MI
Posts: 32,465
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There is no way the economy will recover quickly or even in the next few years. There is going to be a snowball effect as people adjust their spending habits. Some once major retailers (Sears, Penny's, possibly Macy's are not going to come out of this at all or in a very different form.

The travel industry and the economy of states like Florida will take a hit as the cruise industry which employees almost a 250k people in the US might take a huge hit. Airlines which profit nicely from those long haul business flights to Asia and Europe will continue with underutilized assets.

A third of US didn't/couldn't pay their rent this month.

My guess a number of people will delay the purchase of new vehicles for a year or so.

On and on.
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