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Saturday, April 4, 2020

Coronavirus Chronicles: Unexpected Shortages of Sudden Needs

Just try to buy a solid looking buzz clipper. Sold-out, sold-out, sold-out. Now I did find one for way too much money, and it won’t arrive for a while. I will be cautious about Zoom meetings.

Understanding the Macroeconomic Impacts of the Coming COVID Depression

Lyn Alden Schwartzer provides the clearest explanation I've seen of how the current situation differs from previous economic shocks like the Great Depression and the Great Recession.

Indexer: Sea-Tac is Bigger Than You Think, and More At Risk

By passenger volume, Sea-Tac is now the eighth busiest airport in the country, serving a metro area that is the fifteenth largest. A prolonged virus shutdown will damage a regional economic engine.

Indexer: As Local Sales Taxes Bust, Here’s Who Gets Hit Most

As economic activity plummets, local governments are scrambling to figure out how badly their budgets will suffer this year from a drop in taxable sales. It’s going to be tough, but how tough remains to be seen.

After The Virus: The Seattle Economy Will Need a Massive Reboot

All told, over 650,000 King County residents will see their positions reduced or temporarily wiped out. And the majority of those workers earned between $15 to $25 per hour, meaning they are especially vulnerable to work stoppages.

Indexer: Inhospitable – The Sector Of Our Local Economy Being Devastated

Consumer spending is drying up and no one knows how long it will take before it returns. We don’t know if diners will flood back into restaurants as soon as they have permission. One worry: consumers will use the return to normalcy as a time to restock depleted savings.

Black Humor: Investing In A Time Of Plague

“Our new model portfolio is 45% gold mining stocks, 45% canned food, and 10% timeshare interests in fallout shelters.”

Wanna Help? Don’t Buy Gift Cards—Buy the Stuff

At retailers and restaurants across the Seattle area, business is evaporating. Customers are just not going out...

Seattle Restaurants Closing? What To Do?

Obvious factors: a glut of restaurants, too much easy money, nervous lenders who pull the plug too soon, soaring rental rates, unsafe downtown streets, shortage of quality chefs.

An Anatomy of Boeing’s Problems. And Seattle’s.

As for the impact on Seattle if Boeing is really crippled, I wonder how well local planners are taking that into account.