Bottomsouth wrote:zimpy27 wrote:NY 567 wrote:
I know some small business owners who are cooked, I know others on the verge of going under. I have a friend on the verge of financial ruin, I even helped him out. Normal folk can't take this much longer. We just going to have to take a risk and hope for eventual herd immunity. Waiting a year+ for a vaccine is insanity, it can't happen or the country will collapse. Keep the old and the compromised quarantined and have them take precautions. At some point the show has to go on, or life as we know it is going to change forever, and I don't think that's a good idea either. I hope the warmer weather puts a dent in this thing.
That won't work too well, numbers will surge even in the young and healthy and mortality rate as those levels will rocket as hospitals get overwhelmed. You can't even just throw money at it because the major limiting factor are doctors and nurses, you can't just pay for them to appear, it takes years of training to become one.
It may be possible to lift lockdown for a month and then bring lockdown back for a month and so forth. If business know this ahead of time then perhaps they can plan for it.
Most businesses that will make it through struggling won’t make it past another lock down. Also employment and kick up in business won’t happen strong enough within 20-30 days to keep them viable.
I think those businesses that can not survive the monthly on-off scenario will probably not survive anyway. People aren't going to just spring back to normal even when lockdown is lifted. If it's that fragile then it's probably over for them.
What are the main pressures for these businesses? Rent/lease? Bank debt repayments?
Can't those be put on hold? Banks are the ones that hold all the cards here.