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| Economy |
| Coronavirus economy: Reports of an economic crash have been greatly exaggerated |
| 2020-03-23 |
| h/t Instapundit [USA Today] - ... Americans are selling securities and buying toilet paper as Donald Trump urges us all to socially distance ourselves at least six feet from each other and limit gatherings to no more than 10. Local stores have announced that oldsters like me will be allowed to shop their empty shelves for one hour before regular opening time. There is a deep economic lesson hidden in this rush to stock up on ordinary consumer goods, coordinated spontaneously by common fears of supply shortages and stock-outs. Explanation of supply & demand, and why price controls can't work ...I believe the economy today lives in suspense, not free-fall. The pandemic will pass; public health institutions have been a model of forthright dissemination of information on the spread of this disease and sanitary procedures to minimize its impact. It’s the citizenry that has been unruly for a time. Supply chains will refill and stabilize quickly, as the pandemic passes, securities markets will recover, and growth will continue to reduce poverty everywhere. Homes are more valuable than ever as a haven of safe and secure living. Provided that we continue to buy them with some of our own money, homes will be part of a secure future. |
| Posted by:g(r)omgoru |
| #3 Picked up some take-out pizza at Round Table. Delish |
| Posted by: Frank G 2020-03-23 19:04 |
| #2 I have wondered how much economic activity goes away vs simply getting redirected in different directions. Obviously Amazon and Costco are doing well. Restaurants will have trouble, but surely some portion of our dining out budget will get spent on other things like video streaming, games and toilet paper. |
| Posted by: Iblis 2020-03-23 18:50 |
| #1 In North Texas and Central Illinois, the real estate markets are off to a good start Sanitize after your house tour, of course. I suppose people restricted from travel and work have plenty of time to shop for a new house. |
| Posted by: Bobby 2020-03-23 16:04 |