I think WFH is going to be the new norm, especially for higher wage office professions. Mostly because are all seeing that it can work. That alone is going to put some downward pressure on the auto sector, especially prestige automobiles.
And my wild-ass guess is that the oil markets are going to be fucked for years after this. I suspect there will be massive bankruptcies and consolidation that results in price spikes to the highest levels ever seen as mono/oligopolies emerge from the ashes and seek to capitalize on their victory in this price war.
I'd be very surprised if the auto industry as we know it know recovers from this recession.
And my wild-ass guess is that the oil markets are going to be fucked for years after this. I suspect there will be massive bankruptcies and consolidation that results in price spikes to the highest levels ever seen as mono/oligopolies emerge from the ashes and seek to capitalize on their victory in this price war.
I'd be very surprised if the auto industry as we know it know recovers from this recession.