Originally Posted by
BOLO170
By June it will certainly have peaked in the US, but public confidence will take time. Could be late summer or even next spring. I suspect we will see furloughs similar to 9/11, but for less then a year. If we slide into a recession because of this, then who knows.....
No one knows. But a lot of good actions today out of the WH and Congress. And, while there may or may not be furloughs, hiring at the very least will slow or completely stop. A backlog of CFIs and time builders waiting for Regionals to hire again is a blast from the past but almost assured now, at least for the short term.
Recession would not be as nearly as detrimental as what we saw in the financial crisis and crash. This market activity is 100% based on fear and not financials. But, if it continues, and company earnings are demolished from people staying home, then we get to financial crisis territory and long term damage to the markets will happen because of financials and earnings. We’re still not to that point yet.
None of it matters, however, unless the public starts flying again. So, it really is a waiting game and minimizing damage at this point.