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The statistics about SARS-CoV-2 (COVID-19) are out there. The number of cases, number of deaths, number of recoveries etc etc are easily attainable subject to testing levels. As a CPA I have a tendency to over analyze things. There is a current crisis that we all joke about, and a very uncertain future that is dead serious.
Let's get the joke out of the way. Toilet paper. WTF. Where does toilet paper fit in the scheme of things? What is the psychology behind the toilet paper epidemic? Blizzards have their bread & milk, hurricanes have water. I get that. WIth a flu like virus, toilet paper? I thought items like tissues, cough medicine, and other over the counter remedies would be scooped up. I was wrong. Toilet paper? Is diarrhea rampant with this virus?
The business world is an entirely different story. Right now the market is reacting to fear. This virus affects industries differently. I think it's obvious that restaurants, bars, airlines, cruise ships are an example of industries that are getting hammered with no known recovery time, if they even recover. I'm pretty sure small family run businesses are going to take a permanent hit. I can imagine many shuttered doors in a few months. Those who don't have to shut down will be hard pressed to make up what they lost. Will vendors be lenient? Will landlords extend due dates for leases? Airlines will "need" a bailout to survive. Cruise lines, especially Princess, have be stained. Will there be mergers and buyouts where the strong survive? Will this all blow over and in a year after the virus subsides we'll be back to what we perceive to be normal?
The economy will take a hit. The landscape will visibly change. But to what degree I am not sure.
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