The notion that the country will "reopen" in 4 weeks is a fantasy. The social distance lifestyle will continue for months.
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When we do eventually go back to "normal", it won't quite be the old normal. The demand shock & consumer trust shock will linger for a bit longer, and many consumer/political/corporate behaviors & views will have permanently shifted.
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But not necessarily those we think. People will in fact go back to working in offices.
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Agreed. Also, places with huge crowds will see wide scale reductions for years to come. For example, theme parks or concerts. IIRC it took Disney years to recover pre-9/11 crowd numbers.
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Not everything is locked. Groceries are still open. Goods are delivered by human drivers, not autonomous trucks. Agriculture still in full production: cows are milked, hens lay eggs and people pack it and ship it. No doubt, there will be shift, what’s important, what’s not.
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