> the effects of the global domino triggered by conoravirus will echo for many years to come.
Why? As far as I know there's no underlying systemic financial reason for a depression or recession. The virus sucks. Some companies will no doubt have a bad quarter or two. But viruses pass, and this one will too.
> I'm afraid that in this new reality my software/management skills won't be of any use in 6 months.
> Some companies will no doubt have a bad quarter or two.
That seems like an understatement. 99.9% of businesses in the USA are small businesses. Most that I know will be lucky to survive a month of this, without serious government assistance.
I think 6 months of lock downs or stay at home would show a lot of companies are not prepared to not have income. Businesses going out of business aren't coming back, along with the jobs they provided.
Sure. But if there was a need for the goods and services those companies provided before, then there will be a need for those goods and services again. I don't think enduring financial collapse logically follows from even an extended quarantine.
I don't think that is necessarily true. Something like gamestop won't come back, individuals who put everything into a small business might not recover and try again. A lot is happening at one time.
Why? As far as I know there's no underlying systemic financial reason for a depression or recession. The virus sucks. Some companies will no doubt have a bad quarter or two. But viruses pass, and this one will too.
> I'm afraid that in this new reality my software/management skills won't be of any use in 6 months.
That seems hyperbolic.