re: I'm on team 'Re-Open some businesses in May'

The economic damage will not be temporary.

The deficit spending alone that this has caused will ensure that. As will all the municipal and state bankruptcies that are 100% coming.

And that's just the tip of the iceberg.

quote:

---

quote:
Which one are you in real life?

Economist by trade but I work in analytics

---

I am an economist by trade as well and you're full of shite. This thing will be far from temporary.

So you cant answer

quote:

---

RE OPEN ALL BUSINESSES IF YOU DON’T LIKE IT, YOU CAN STAY HOME WHILE THE REST OF US WORK AND ENGAGE IN COMMERCE fricking tired of some people trying to hold everyone else back.

---

Well, for safety we need to take a more cautious approach. I propose opening some businesses tomorrow.
Then we can open the rest on Monday.

So no answer from the economist on how this economic melt is temporary?

My question had nothing to do with the timing of opening or the qualifications of elected officials. I'm not sure what you were even answering.

quote:

---

Governors should decide. We have 50 different economies with 50 different levels of infection. Your level of success will depend on how good your Governor is.

---

Interesting that this got downvotes. The economy of Arkansas is not the same as New York.
Arkansas will be back to "normal" in 6 months. With agi being our main product that will not slow down. People still have to eat.

Areas that rely on tourism will be hit harder. However, a lot of our tourism is outdoors where people were already distancing. We'll be good there as well. One of the things that have hurt Arkansas in the past will now be a blessing IMO. And for the most part, people in AR just don't give a shite.

I can not speak nationwide because we have 50 different economies. What I definitely see is people who own leasing space are fricked. Companies will look to cut costs immediately. If they were able to maintain productivity with less people and space then that will be the new "normal". People will be out of jobs for sure but other opportunities will open up especially in areas of infrastructure (hopefully).

Normally there are winners and losers during a downturn but in this instance almost everyone are losers so the playing field stays relatively level.

Another thing I see happening without a doubt is that this will lower wages. All of gains will be lost and we will even regress IMO. That part won't be temporary. Companies are going to squeeze people into lower salaries due to supply and demand. Hopefully innovation will appear in some form or another.

We are still a service based economy and those services will still be needed. If it gets too bad then I'm sure we'll just go to war.

Take it for what its worth.

Looks like a lot of words to concede that there is no way we are getting anything close to being back to "normal" again anytime soon.

I appreciate the answer, though.

quote:

---

Looks like a lot of words to concede

---

Whatever helps you sleep at night.

Do you know what occurs in May? Mothers’s Day which is quite possibly the single busiest day of the year for restaurants across the country. As it stands now, restaurants will either remain closed inside or only allowed a very limited capacity. Either way, I predict that many restaurants won’t survive past Mother’s Day. You simply can’t rob them of the revenue and expect them to survive.