vitanola
I'll Lock Up
- Messages
- 4,254
- Location
- Gopher Prairie, MI
Good heavens!The person in front of me at BJ's last night spent $2,300 - he had three carts full of Lysol wipes, Kleenex anti-viral tissues, and food staples.
He said he's planning for 4-months of isolation in his own home to escape the virus.
While I think the media is partly to blame for blowing this out of proportion, at some point we have to be responsible for our own ridiculous paranoia.
There is a big difference between informed concern and full blown panic, apparently.
That said, a number of the large financial firms are virtually shutting down for the next few weeks. The last one that I heard about was Ernst & Young, which has cancelled all travel, brought its travelers home, and asked their staff to work remotely from home whenever possible.
The last recession led to many jobs being lost to automation as companies got leaner. I wonder what the effects of a pandemic might be? Perhaps this is the black swan that will prove the practicality of remote working. If that’s the case, I’ll make sure to not be long on office REITS.