Jobs- Breathing Thin Air.

The tenant is exempted to pay rent- Tenant continues to live.

The landlord is exempted from servicing house loan debt obligations- he continues to maintain credit score.

BUT, depositors continue to knock bank’s door for liquidation proceeds. The big question, can the Banks strive the test of time connecting the surplus and deficit units in good spirit.

Central Banks and supranational bodies pushed for protecting the civilian paychecks, thus thwarting the contagion to flow to the financial system.

Amidst this chaos and mayhem, labour economics measured unchartered territories. Corporates pulled strings to retain best talent while provision for the worst too. With the trade off between risking your life or your job, people wont stay indoors long until government aid lets them sleep in respite.

One in every four person was on government payrolls, during the great depression, with a consequential dearer labour, which made recovery relatively easier. This time around, employees are being retrenched over Zoom calls, with the unemployment figures peaking to 15%. Pay Cuts, furloughs and unpaid leaves have abated pressure on tenants to honour rentals. The United States is one of the worst hit by the pandemic on both fronts, life and livelihood. Government and central banks are trying hard to contain the virus and its spillover effect onto the real economy. Though, taking containment measure decisions are extremely tough and critical, given the fear and anxiety people have about this virus, it would be equally tough to steer people out to the main street, and sadly none of the policies can incentivise people to be just return back to normal, unless we have a well proven vaccine. Perhaps, this is the toughest time, when the virus and people coexist. But lets not forget, China is under a reopen phase and has yet not reported the 2nd outbreak, meaning lockdowns, that had huge economic costs, at least bought respite to the healthcare malaise. If these patterns continue for other nations contemplating reopening their economies, we can recoup the economic menace from the pandemic, which is in fact the best case scenario.

Companies and private establishments are squeezed to survival, where the government asks for utmost employee protection, and the business landscape looks dire. Relief packages are falling short of demand, but then companies arent even sure where to deploy these funds, but adding to their treasuries unsure about future stimulus. Companies have initiated crisis action plan teams, to help guide them through and after the crisis. They are in continuous search for the how deep the recession would be, how long would it take to revert and how would the recovery phase out.