People, companies and markets prefer certainty as a prerequisite to substantial buying and investment.
We are are at least a few weeks and probably longer for enough certainty to give people some level of comfort. As a result, the purchase of big ticket items will be in a pause as they were in 2098/2009 after that debacle.
The two two pieces of promising news are that massive effort is being applied to ventilators, treatment drugs and vaccines... and the Fed is committed to $Trillions if need be to keep the economy from crashing into a 2nd Great Depression.
In the mean time, what we can offer each other is civility and support.
We are are at least a few weeks and probably longer for enough certainty to give people some level of comfort. As a result, the purchase of big ticket items will be in a pause as they were in 2098/2009 after that debacle.
The two two pieces of promising news are that massive effort is being applied to ventilators, treatment drugs and vaccines... and the Fed is committed to $Trillions if need be to keep the economy from crashing into a 2nd Great Depression.
In the mean time, what we can offer each other is civility and support.