Depends on where I go.
Grocery stores, liquor stores, Lowes/Home Depot/Ace, nurseries are all very busy. Power malls, like in my picture, are dead. Strip centers -- it depends on the tenants. The big old-school mall in Overland Park, KS, which is one of the few remaining that does well, is closed. I dunno, maybe 100-150 tenants? The Plaza in KC is dead from what I hear. That's really expensive real estate, and they already have high turnover. I bet there's a lot of those shops and restaurants that close permanently. Hotels and theaters are dead. AMC, the big theater chain based in KC, furloughed everybody, including execs.
All this commercial real estate is owned by investors who usually got a chunk of their money from a bank loan. Tenants don't pay, so borrower can't pay, bank gets hit. I know -- boo hoo.
Saw the knee doc the other day -- not doing elective surgeries. The hospital where his office is looked dead -- it's usually packed with people. Children's Mercy in KC laid off a bunch of people and announced their revenue is down $1 MM a day. You rural folks are probably used to hearing about hospitals having financial problems. I'm used to seeing them add multi-million dollar additions or build new hospitals to handle all the business.
With everything closed sales tax receipts are way down for municipalities.
I've lost track of how much they're talking about racking up the deficit. It was already a trillion, they added $2.5 trillion with stimulus and I think they're talking about another $3 trillion. You guys know who buys the lion's share of our debt, right?
I probably missed some stuff...