Originally Posted by
GeeRam
Not just airlines..........I think that will have to carry over to the airports as well.
BAA got sold off, then that got forced to sell off by the competition regs, how many of these UK airports will survive this with no money coming in from Duty Free or landings fees etc.,etc....??
Yes absolutely. This is unprecedented, the entire concept of the free market taking care of the economy is out of the window because of COVID19 and this was well predicated by Bill Gates several years ago: only governments can save the day.
Luckily governments can nowadays generate instantly unlimited quantities of electronic money (QE) which is a huge advantage. The old risk associated to printing money vs higher inflation is also obsolete. We will be fine only because of Governments injecting unlimited cash into the system. The Internet is a factor as we now basically live in an E-Money society. If this happened before the web we would be in trouble, both due to the time needed to print in large quantities but especially huge difficulties in distributing the cash during a pandemic. E-Money huge advantage thanks to the web.Nearly all travel related businesses will be saved by Governments, but then also the rest of the economic system will be saved, including other sectors beyond travel as this is a tsunami that is already in the history books.
The rebound will be the Mother of all the rebounds especially if there will be a vaccine or widespread immunity which will happen eventually, I am confident the rebound will be massive and much quicker than what we think now, this will be true especially if the virus will be stopped through new measures including new anti viral treatments and then finally a vaccine.
QE seems easy now: Governments cannot do QE constantly otherwise we will all stop going to work and societies will collapse however unlimited QE is the only option during a war and this is certainly a global war with no other solution.