CV Central - 5/7/2020 - "Contraction in Food and Spending in the Pandemic"
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Description
Episode 64 picks up the discussion from the finance coverage last show to the pragmatic level of the problems of business.  We start first with the startling announcement the US military is not accepting anyone who had Covid moving forward as we consider what such a world means for consumer demand as some seek to reopen.  What do we end up?  Herds that are being sold for a fraction of the cost, fishermen in port, empty restaurants in Texas, and another 3 million plus unemployed today.  Banks continue tightening lines of credit as the Treasury signals resistance about helping businesses do what they need to cover overhead as the effort to force people back to work, profit be damned, seems to be stuck in DC and some states.  Amidst this, it's not hard to predict things will get worse rather than better as staple prices will rise, unemployment will rise, businesses will be broken, and mistrust will grow as the question of who eats the debt becomes a hot potato which will be brutal in the best case scenario and unimaginable should the predicted second wave snuff out any hope of a rapid recovery.  
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