Originally Posted by
Name User
We owe China $1T USD...Trump is the kinda guy that would tell them to screw off...that is downpayment for causing this mess.
This ^^^^^^^^^^^^^^^^^^^^^^ everyone else is incapable, sounds like there as at least 2 of us who believe this.
As said before by folks, restructuring will most likely happen (it has started) to show some financial responsibility and attempts to flex to the situation in order gain the entrusted bailout. Is it save the Big 3, or 2 what’s the plan? Either way, all 3 will not be at the same momentum prior to this debacle as recovery will not come “roaring” back to the business as the mantra we are all hopeful for. So many factors never seen before impacting businesses from Giant to small, venues shutting down, conventions/trade shows which were planned a year or more ahead of time with attendances exceeding 100K easy, the hotels and restaurants supporting them and more, sporting events and education in all forms to include bars, eateries and gatherings limited to some and now none in many cases. None = how long can you last with a reduction in devastating numbers of patrons. Other businesses will rise up to fill gaps of course. I have full faith it will come back in some form or another. Some will thrive quickly, others like our industry will be perhaps a year or more at best. (Just my thoughts)
Once past this goat rope, sporting events, entertainment, gatherings of conventions showcasing their latest innovations could roar back quickly. We love our entertainment and gatherings so there’s that. My concern lies in the business world.
Business world (government and schools) is falling back to VTC networking, telecommuting, etc. and they are learning even more innovative ways which will affect travel and common large brick and mortar requirements in the future. Laptops, etc. are one thing, but everyone has a large screen TV (cheap now) and most are hooked to the net so with a little more knowledge that will spread like wildfire. Microsoft, Google and Zoom and many others are trying to keep up with video conferencing software. Most offering free trials, this is spreading just like our current attacker. It’s logical to conclude that many companies are rethinking their strategies to mitigate this pandemic or other like issues in the future. Just use that magnifying glass on your search engine.
There is a huge FORCED learning curve in all of this.