I again disagree. This virus is a handy excuse to take action against an inevitable downturn. If I'm wrong, the CV panic selling will right itself. If I'm right, this economic circlejerk is just the American dollar losing clout.
Either way, it's exposing weakness in our manufacturing base (as in absence of), our reliance on foreign goods, and our generally weak and sensitive population. We cannot just keep printing money to prop up a failing system.
A slight downturn was immanent, due to the "boom" we have been in for the last ~7 years or more. It was bound to take a slowing down. Granted from my perspective: housing needs around Atlanta are more prevalent than ever, hence the multi-family boom. All of us construction/trade guys in GA most likely wouldn't see any difference in the amount of available work for years to come.
I understand the value of cheap manufacture of goods oversees, but this has absolutely shown what a fault that can be when you take manufacture of critical goods oversees. It makes the "closed" borders much harder to due at a "dire" time. "
Either way, it's exposing weakness in our manufacturing base (as in absence of), our reliance on foreign goods, and our generally weak and sensitive population. We cannot just keep printing money to prop up a failing system." hits the nail on the head. We are beyond dependent on foreign entities for a major portion of our goods. The art of gardening, and being self sufficient has all but left us, and most people are reliant on a daily, or bi-daily point of delivery system to keep them stocked on everyday resources hence the panic.
I hope this is all way overblown, and 3 months from now its but a memory that encourages the US population to have some more things on hand instead of waiting on the last minute to buy everything, and that we learn from our weaknesses and bring back manufacturing of "critical items". Although, I'm not sure where I stand if the government was to mandate that.
Worst case scenario, hopefully Jeddak will trade us fig leaves, and beans for ak food.