Gov’ts around the world are treating all this like a massive Pause button has been pressed.
I think they’re hoping more of less normal service will be resumed once worldwide supply chains can be resumed as seamlessly as possible.
Obviously it’ll affect everything from buying new socks to building new houses.
The car market has also been hit with the pause button.
Nobody is building them, nobody can buy them.
Nobody is building the components either and the “just in time” supply chains aren’t running.
Without the components the manufacture of cars can’t recommence, without new cars being built then existing car prices are shored up (people need to travel), finance packages will have to be extended to cover the gap (no use expecting a car back at the end of a lease deal or PCP that can’t be collected or disposed of) so there’s no real reason for the motor industry to fall on its arse IF this is a short term thing.
If it’s longer term then it’ll be damage limitation for all and the billions upon billions being loaned out by the world bank to bail out whole countries galore will either have to end up with everything being ripped up and started again, or eternal debt repayments that’ll have to come out of taxes and higher interest rates.
Trouble is we are a society used to borrowing not saving and the strong economy was a result of spending not saving. The multi-millionaires running us will want that economy up and running again ASAP.
I’m sure Donald will currently be eyeing up suing China for enough money to permanently weaken and destabilise the state to settle old scores and I’m sure China will be well aware and devising their own strategy to destabilise Uncle Donald. Oh, hang on, maybe China got in there first?!
