Quote:
Originally Posted by EdFNJ
I believe that once this pandemic is behind us everything will come back stronger than ever. Might take another year and some places will disappear but others will take their place. In the end, a "shakeout" may be a good thing.
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IMHO much of what we know will survive in some form however a large number of small businesses will not survive...small businesses have shallow pockets and depend upon maintaining a constant flow of revenue to meet 'the nut'...closing down for months on end will result in many of them going under....something else will move into the location if it was a desirable location...
some aspects of the economy will certainly immediately experience a 'boom' once it is believed that this pandemic is behind us....we're all tired of being shut in...others will have a longer ramp up
many of those businesses that do survive will have modified their business model...a return to exactly 'what it was' just isn't going to happen IMO
the huge unknown is: with so many out of work and so many businesses going' belly up', what's the approach that various governments will use to continue to meet their ongoing fiscal obligations and begin to pay down the huge debt that cities, states and the Feds are all incurring during this pandemic...
years ago someone estimated that 50% were supporting the other 50%....then I heard a rumor that it was closer to 40% supporting the other 60%....
I'm wondering if I should start stocking up on TP now, cuz if it ever gets to 30% supporting 70% the increased sales and property taxes are going to be crippling