OâReilly auto parts and autozone stock has started going up due to an increased in parts sales. It looks as if people arenât buying big ticket items, instead are looking to fixing and maintaining their current vehicles. Something similar happened in China, except new car sales took a nose dive and went down 80%.
I donât think leasing nor purchasing is going to be very attractive. Manufacturers will merely adjust supply chains and inventory for the lower sales. Unless youâre FCA. Then youâll just keep building up that sweet sweet sales bank.
Pre-K for the oldest just send us a notice they will be closed till Tuesday while figuring out report of some parents potentially being exposed.
UghâŚ
Ripple effect is going to be bad. Kids get sent home, parents have to stay home and watch them. Productivity decreases. Itâs the perfect storm. Imagine the revenue cities will lose just from no march madness. Cities that are already fiscally f#*ked
Well if gas costs decrease $100/mo that can go towards the payment. Wealth is never destroyed itâs transferred. And printed. Forgot about that oneâŚthe printing presses are gonna be on overdrive if current economic conditions continue
Obviously we have 5.5x the population of Italy, and still not enough tests (Colorado just opened 1 drive-thru and Bezos/Gates are working to expand access to tests in Washington State which is hardest hit so far). The population distribution of the US means this is not going to burn as hot, as fast, but will likely linger since weâre 12-24 months from a vaccine being at your local drug store.
Itâs not a human extinction event, but stay tuned to the wealth extinction event already in progress. immediate contraction in travel and discretionary, for an unknown duration, as supply chains are disrupted.
a vaccine is a huge variable. Will it be as effective as the flu shot? How many mutations will the virus have by thenâŚbetter to be proactive and boost your natural immune system. So far this hasnât been deadly to younger populations. Another silver lining will corona finally make SS solvent? Morbid thought but the economist in meâŚ
Anybodies guess. So far there are 2 variarions of COVID-19, the first seems to have burned itself out like any immature virus.
Most of your kids are teaming with other coronavirus.
Depends on how hot/fast it spreads and people deny what it is. Without testing, you might think its flu, but the respiratory affects can get worse as it progresses, and if you immune system isnât sharp or you have asthma/other respiratory issues and wait too long,
While people are unnecessarily panicking, the counter-narrative that its a hoax and a nothing-burger is going to cost people who ignore symptoms their lives.
Problem there is gas prices never stay low for long. It will eventually creep back up, so buying more car than one can afford because they have an extra hundo in their pocket for a couple months is a fools game. Guaranteed people will do it though, and be in trouble when things stabilize again.
Time and time again most people use todayâs dollars to pay tomorrowâs expenses. I wasnât saying that was a smart thing to do but itâs a reality. And gas could stay low for awhile in this shitstorm. Depends on how the cartel reacts. Perfect storm of Russia vs opec vs us production and lack of demand. These are certainly interesting times.