Quote:
Originally Posted by sebastian_dangerfield
The economic damage coming from consumer pullback comes fast
|
It's not at all clear to me what will happen to aggregate consumption. On the one hand, people are going to stock up and buy quantities and stuff (e.g., masks) they wouldn't otherwise buy. On the other hand, they may eat at home/have food delivered a lot more than going out. What's the relative size of those things?
It may get very hard for movie theaters and yoga studies and other things you can't consume without going out in public, but that's only part of the equation.
Threaded Mode