A Black Swan event completely changes how the world looks when we get past it. So, is the Covid19 pandemic a “Black Swan” event. Ponder these questions – Will schools be different? Colleges? Will working from home be the norm? What will restaurants look like and when will they return? Lawyers and financial people are working from home. Water/sewer utilities have over half their people are working from home. Is this the new normal?
How about sports – years ago there was discussion about sports becoming more of a television event as opposed in person event since the television money dwarfs the attendance in most cases, playing the games is the most important issues for the leagues. NFL – get to a bubble – its working in the NBA and NHL. Not working – MLB and college football.