I am no expert, at all, but I have been tracking the world wide infection rates and I listen to a lot of experts.
So, given I get paid $0 for my opinion, here’s’ what I see:
Unemployment in the US will top 40% this year. The amount of disposable income will contract to unbelievably small numbers. The duopoly of power will fight over who to protect and who to support.
We are going to approach having 10% of the world population infected and a large number of that sick over the next 60 days. That threatens economic recovery, and supply chains. Food supplies will remain fairly stable, until parts and equipment breaks down, and depending on how quickly our food producing states lock down.
The better we handle the crisis, the longer it will last. Flattening the curve will keep the hospitals available for non-covid health issues. More people will survive, and return to productivity, but also, the more time on the calendar this will take. The alternative which some advocate for, ignore the curve, take the hit, leads to a broken country and world, economically. I don't advocate that.
If there is any gear you have you were thinking of selling, it is too late. No one outside of the top 1% is buying, but now is better than in 2021. Lots to be said for getting rid of equipment and lightening your load.
