The unintended consequences of a 4 to 12 week coronavirus lockdown are shock & change to the core consumer culture!
goods & services once most valued are now no longer desirable or just forgotten!. physically going out maybe too difficult. too expensive.
if millennials were killing it back in 2019 , now coronavirus has totally utterly cremated it & buried the ashes in 2020.
all them public places may just start to disappear, as new habits & new technology fills up the gaps in our lives.
once filled by watching live ball sports, drunking , eating in public, and traveling to other places just to do the same.
by far the worst is inflation, making once desirable going out, physically going there, way too expensive for most of us.
private vehicle ownership, home ownership , international travel , club memberships , private educations , cheap consumer electronics.
the golden age of the consumer maybe over! the great depression of the 1930s was followed by War! not a consumer bailout.
even if the banks get a bailout. the sheer weight and size of all the failed derivatives may will sink the financial markets.
coronavirus is not just another thing that ends in weeks or so you can move on, no its a permanent scar on this civilization!
if this is no the case I would be very surprised. consumer confidence just got king-hit in the face!