Re:Dow Falls 2997 points worst drop since 1987 crash
by JoshTko on Monday March 16, 2020 @05:10PM
(#22597850)
The problem is that the externally driven factor can cause systemic issues. Having 25% retail & restaurant sales for a year will wipe out savings for a significant portion of the world. Most people will be fearful of spending for a long, long while.
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Re:Dow Falls 2997 points worst drop since 1987 crash
by hkmurakami on Monday March 16, 2020 @05:18PM
(#22597972)
This is particularly acute since the American economy derives a big part of its drive from consumer spending, unlike other economies that may be more producer or infrastructure driven.
Re:Dow Falls 2997 points worst drop since 1987 crash
by paulmd on Tuesday March 17, 2020 @03:30AM
(#22602585)
Airlines are another one. The market expects domestic travel bans Soon (tm), forecast for United is revenue is down 9% this quarter and 95% next quarter.
https://www.cnbc.com/2020/03/16/coronavirus-makes-airlines-c...
I'll be curious how this affects package delivery, personally. A lot of 2-day shipping flies on those passenger planes. If anything shipping volume will be up but there will be fewer planes to put it on.