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OpenTable bookings had declined 70% before US restaurants were closed.
Swedish movie theaters are open but revenues are down 90%.
“When will government open up the economy?” is the wrong question. Open doors and no customers is not an economy!
Swedish movie theaters are open but revenues are down 90%.
“When will government open up the economy?” is the wrong question. Open doors and no customers is not an economy!
Pandemic Economics Rule #4: In a pandemic, the business of America is not business; it’s public health.
Without cash, people will die. Without loans, companies will die. Without a public health fix, people and companies will die anyway. https://www.google.com/amp/s/amp.theatlantic.com/amp/article/609265/">https://www.google.com/amp/s/amp...
Without cash, people will die. Without loans, companies will die. Without a public health fix, people and companies will die anyway. https://www.google.com/amp/s/amp.theatlantic.com/amp/article/609265/">https://www.google.com/amp/s/amp...
That first graph is from this great @CharlesFLehman piece.
BOTH consumers AND govts are responding to public information about the virus. And, bc consumers act faster than legislatures, social distancing is coming before local shut-down ordinances. https://freebeacon.com/coronavirus/lawmakers-want-to-reopen-america-but-it-may-not-so-be-easy/">https://freebeacon.com/coronavir...
BOTH consumers AND govts are responding to public information about the virus. And, bc consumers act faster than legislatures, social distancing is coming before local shut-down ordinances. https://freebeacon.com/coronavirus/lawmakers-want-to-reopen-america-but-it-may-not-so-be-easy/">https://freebeacon.com/coronavir...
