Originally Posted by
wazootyman
I worry about the mental health of some when I see posts like this. I mean no offense, what I mean is that we're all suffering with the headlines, being off-work, and the fear of the unknown.
Yeah, there's going to be some fallout. But the fundamental desire to live in urban areas and the neighborhood improvements don't just suddenly go away.
This is necessary to provide a bridge to the mass number of people that have been laid off [[most temporarily, we hope). The 200k estimate is just that - an estimate. These estimates have been all over the map since this started. Don't focus too closely on any one number.
Oh, and "the stock market is not the economy".
The automotive companies have been anticipating and preparing for a downturn for some time now. This obviously accelerates that greatly, but it's also possible that many purchases are deferred until this crisis ends. Tesla is not ripping anyone apart, and they're going to suffer from the same downturn. There were still 17 million new cars sold in 2019 [[a target that's been hit for 5 years in a row), though the trend was mostly flat [[and down in the non-SUV market). We won't see driverless cars for a long time, based on my understanding. What some manufacturers have now is impressive for what it is, but it's far from being truly driverless. It's that whole 10 % of the [[remaining) work requiring 90 % of the effort problem.
Some restaurants will close. Some restaurants will open in their place. This will be a dip, but in the end, we'll recover just fine I predict. Maybe not the boom times we've seen over the past 10 years, but I really don't think we're headed for another 2008. I guess we'll have to wait and see, but there's no sense getting buried in the doom & gloom.