3 years ago
While there is some significant loss of "value" of holdings, the main thing is to understand where the jobs and money are going, not where they were.
Take a water balloon, and squeeze one end of it. It does not lose water, instead, the water goes to the other end of the balloon. That illustrates where the "money" is going.
I've said elsewhere there is a sea-change in education happening right under our noses. I believe that a lot of the education money may very well flow to more vocational training, distance learning, tech and lessons for home school and smaller classes. Old-school group classes were inefficient anyway -- and people are just beginning to realize that.
Doctors will do more old-timey house calls. Even to just survive!
The restaurants and businesses that you frequent during your commute, like diners, etc, will also adapt. More deliveries instead.
It will be easier to schedule a haircut from your barber for your home or office. I don't really want to go to a salon and sit in a chair there.
Store owners will have to start doing more list building and email marketing, you can no longer just watch a customer walk-in and walk-out without trying to build your email or contact list.
Yes, America is unravelling, but we are humans and we always adapt. It's just the stubborn ones or the hard to change industries that will suffer the longest and the slowest.
I do not believe that things are just going to go back to "normal" as they were. There will be some significant change in the way how we conduct business, education, entertainment and living.
The people who adapt to that change will be the winners.
