Hopefully, but we're going to see many businesses going bankrupt over the next few months, so not everyone is going to be returning to work. And as the economy is frozen right now, beware of it triggering a financial crisis.
Trump and Congress are working on programs to reduce the number of bankruptcies.
“beware of it triggering a financial crisis”
And what do you think that would look like?
There’s no financial bubble to collapse like we had in 2008.
This is mass unemployment among people who are already itching to get out of their houses.
Creditors will not be eager to lose their clients by pushing them into bankruptcy. That would be a fool’s errand. Especially when they know that the pandemic panic is why their clients can’t pay their normal bills.
If someone was already eager to get rid of a worthless client then it’s a different matter. But I can’t see a landlord killing a successful business by demanding rent for the time that it could not operate.
Local and state governments are going to have to make similar adjustments or they will be killing their own tax base. We will get a chance to see just how stupid they can manage to be.