PP2
Hall of Fame Poster
- Joined
- Jul 28, 2012
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You made a general prediction.
My point is in your timeframe in which you'll say everything will be ****ed in weeks is too soon. Depending on the industry, the company, its competition, financial health and fundamentals outcomes will vary. Some are being crushed now and are doomed. Some it'll take a few months or a year. Some will come out of it ok without bailout $ sustaining their operations.
Oh no, I didn't.
For example, NYC's number of cases are doubling every day. At some point, very soon, the health care system there is going to break down, and bodies are going to pile up in hallways. By April, we will run out of hospital beds, nationwide.
This is going to spill over into the media, with images and videos left and right- and this will trigger panic in the market, which triggers panic in the economy, resulting in more layoffs. This triggers panic everywhere else. This is the perfect definition of a force multiplier. And just when NYC passes its peak, Florida is going to blow up, and that's going to cause yet another chain reaction, and more states will follow, especially those that refuse to enforce stay-at-home.
This is not going to be a Tyson 1-2 round TKO, it's going to be the 14 round Thrilla in Manila, and we won't be back to normal for a full year or two.
I'd love to be wrong about all this.