I don't think people realize that there is no normal to go back to anymore.
At absolute minimum:

1) Supply & demand has been reallocated across the economy, with travel & events zero'd out, remote work & masks to infinity
2) Virus permanently changes public behavior
3) Supply chain disruption just starting
4) More still en route: https://twitter.com/sdonnan/status/1240254706133409793
Even if the virus did vanish in a puff of smoke and everyone went "back to work", the behavior of billions of people and every country has been permanently changed.

Demand won't quickly come back, borders won't easily reopen, international relations won't be the same.
China is the best case scenario for at least a "new normal", but:

- every citizen is being tracked
- borders have been closed
- demand for many products is way down
- daily behavior has changed

And the US is on track for more disruption than China.
https://sciencemag.org/news/2020/03/can-china-return-normalcy-while-keeping-coronavirus-check#
You can follow @balajis.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: