|2020 Means Fake-fans At Sporting Events|
Social distancing has resulted in events being canceled across the world. It is difficult to say when people will again feel comfortable or allowed to gather in mass. To say the effects on certain sectors of the economy have been staggering is an understatement. As these industries struggle to adjust and reinvent themselves there is no guarantee consumers will move with them allowing them to remain viable.
|A Lock-down Means Empty Streets And Businesses Closed|
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The huge decline in air travel is only one of the new realities we face and has been disastrous to tourism. The loss to many of these companies has up until now been masked by government loans and bailouts but these are only short term fixes. This all funnels into the bigger picture of the stock market that seems to have totally disconnected from the pain being fostered upon millions of small businesses in America and across the world. The demise of millions of small businesses underlines the bleak picture we face, this means unpaid rents and more empty storefronts as Main Street withers on the vine.
|Wall Street And Main Street Disconnect|
It must be pointed out that when Covid-19 first raised its ugly head in early February of this year the world had no idea of its impact. Most people had never heard of Wuhan, China before the spring of 2020. Now we find that without a shot being fired or a bomb being dropped, in just a few months, our culture has been dramatically changed and transformed. The biggest problem is that this is not over. The number of people expecting things to revert to the way they were is rapidly declining. This makes predicting or imagining the future even more difficult to fathom.