| | | There are many who think this current stay at home situation is going to be gone by mid-April, but those of us who understand the math know it is highly unlikely.
The market may be discounting a return to work in mid or late April, but early June may be the earliest we may see.
Without ramped up testing, including antibody testing, I just don't see how it is possible without making it a Groundhog day situation.
We may have a situation where we get a bounce/re-trace, but it fails in early to mid April as people realize the most optimistic hopes for an end to the pandemic are not forthcoming.
We are also going to be getting more horror stories about people turned away from hospitals, ventilators not available, Sophie's Choices being made, and this thing.
I have not heard anything about a 2nd set of checks going out since last Thursday. I think the administration may have stifled Mnuchin on that point as too pessimistic. However, It's likely going to be needed to prevent anarchy.
I also have not heard how self-employed are being treated in this situation. If they don't need loans or unemployment, what happens? That's one of the doughnut holes I've been talking about.
My wife was talking to a building inspector today. They have a family business, and they need the insurance to pay for treatment for their child that runs about $75,000 a year. If they go on unemployment, they lose the insurance. They can't do any business remotely, so they have 5 employees they may have to continue to pay while they keep the insurance going. They are trying to navigate this new reality. |
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