Replies to post #21586 on The Rising Influence of Rising Affluence

[xavierprivas]

Thank you for educating me. I am a retired software engineer living in Atlanta.

IMHO, oil price and the energy sector probably won't bottom out until October.
Unemployment will be huge, dwarfing anything in the past except 1929. I
was employed throughout the crash of '87, the dot com crash, the finance
crash of '08.

This time, everybody seems to be affected. Hollywood, professional sports,
concerts and tours, hospitality, etc. Most of my former colleagues were
laid off. My own dentist closed his practice until April 30. A few personal
friends who are doctors (not in ER) also don't have patients (ophthalmologists
and dermatologists). It was inconceivable to me that a company like Disney
is deprived of almost all of its revenue (theme parks, movies, ESPN) where
in the past they just had lower revenue, may be 20% lower.