while we really don't know it yet, we have a much more pressing concern than the economy. that is, the just in time (JIT) supply system.
how prepared are people to shelter in place do you think? most have what, two weeks worth of food, maybe? what happens then, they need to restock. as i have said previously, we are already seeing signs of the JIT supply system being stressed, those signs being empty shelves in the grocery stores and an inability for people to get items such as toilet paper. what is going to happen two weeks from now is that that stress is going to back up into that supply chain even further causing breakdowns in quite possibly unsuspecting ways.
as more and more states go into complete shutdown and limit people and businesses to 'essentials' only, the JIT problem compounds. from the cornfield to the dinner table, the entire economy is interlinked. what is deemed nonessential today is going to be found to have been the missing link tomorrow.
when people's stomachs start growling, you can be sure that they are going to act in irrational ways and do the unthinkable.
do not be fooled chaos is right around that corner.