This is my take on the economic effects of covid19. Why is it wrong? Let's tear this thing apart.pic.twitter.com/GEgE808jU0
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Also entrepreneurs will move in, you’ll see pop up retreats and the like. I’m not sure, but if there is cash out there, it’ll get exchanged for something.
Second, this isn’t right. Consumption will change drastically in the short-term, but people will adjust by substituting. If there was one hole I’d poke in this mind map, it’s that.I'm skeptical. Why would domestic travel continue? I suppose people could be buying luxury goods at home and stunting on instagram, but I don't see entrepreneurs so quickly filling these gaps.
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Have you looked at travel/spending habits post-9/11? Different thing but not crazy different, huge demand shock and general citizen retreat.
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Yeah I did a little bit actually. Big demand shock but short lived. According to air execs corona has been wayyyy worse on bookings. To make 9/11 like corona, every time a terrorist attack occurrd instead of people of being horrified they would become terrorists.
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