Quote:
Originally Posted by ariZona28
I'm not going to get worried or stressed out until I see videos of people stampeding through Costco purchasing all the Mobil 1 5w-30. A true indication of the apocalypse.
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Time to worry? I just got back from Harbor Freight to get a cheap junk tool to use in the dirt and some crap screwdrivers on sale. The place was packed.
It's a shame some people just NEED to panic, Global cooling Global Warming Asteroids Earthquakes Virus TDS gotta be something.
There are of course bad things that could happen everyday but if not let's be irrational about 0.001% chance of being injured type odds.
For example I know a lady who won't go across bridges in case they collapse while she is on them.
To the OP question, I know of people having 30% and more reduction in sales in retail this past 30days. Entertainment and travel hit worse. The hysteria IS F'ing up the economy bad right now. They won't report it because even during the prior recession they lump in Walmart and grocery sales in with the economic numbers. This hides how bad it is for MOST people because of hoarding sales that help only a handful of workers and businesses.
For those unfamiliar with business income, fixed costs eat up most of the gross income so a big drop like that makes them unprofitable and headed towards bankrupcy and closing. People are getting their hours cut and laid off. Because of this lack of sales and orders, I know of some wholesalers that are doing layoffs and considering a 1mo or longer shutdown.
I assure you if they keep up with this stay home stay far apart cancel BS we'll see an economic depression the likes of we haven't seen in our lifetimes.
Edit: I'm not hating on the few who are manufacturing related products and getting 10x the hours and sales for this brief period in time. Nothing wrong with that.