"Reopen the economy" doesn't mean reopen at full capacity.
Q's the markets aren't factoring: How many small bizs can operate at 50% revenue for 6-12 mos. upon their respective state's reopening? How many can operate at 80% for 2 years? What happens if 10% UE is the new normal?
— John Tuld (@BradHuston) April 16, 2020
California is talking about slashing restaurant capacities by 50%. pic.twitter.com/HAkKuhjZ30
— Jonathan Reyes-Saulog (@blackacrestypes) April 16, 2020
Everyone's talking about getting the economy reopened.
But there was no moment when anyone fully closed it. It happened organically in a flash, before politicians did much of anything.
I wrote about it for the @Markets newsletter today. https://t.co/e5TYtjIuOw pic.twitter.com/sUx38Pkagz
— Joe Weisenthal (@TheStalwart) April 16, 2020
#recession … #Consumer #Spending edition
In 2019, the US #economy was 90% consumption… 👇 https://t.co/Z2PsxI5CBx
— Invariant Perspective (@InvariantPersp1) April 16, 2020