Companies claimed trying to avoid layoffs, but they likely compared with ‘08... whilethis is heading towards Great Depression level. If ppl cannot work, business cannot open, supply chain disrupted...

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The big difference is people want to buy things, they just can’t (outside of online). Demand hasn’t dried up yet...but it will in the near future. As long as we get things back up and running before that happens, the economy will largely escape the worst of it. I’m fully expecting a ramp up and quickly as we saw the decline unless this goes several months

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Totally agree - above is completely based on extended social distancing scenario

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There is no demand side (and globally), stimulus packages are less useful... your view?

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I think this administration is trying to push out a collapse at least until The election by forms of stimulus. It doesn’t seem to hold us up :(

Deloitte already been laying us off. So no surprises here.

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Plus the rich baby boomers go into the depression mindset and stop spending.

I feel like some of my friends don’t get it yet. I think this could quickly turn into a depression era scenario.

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