Calculated Risk suggesting a “sudden economic stop”:

I just spoke with a tile sub-contractor who mostly does remodels. He was completely booked for the next several months, and all of his jobs have cancelled for the next 8 weeks.

He has a great reputation – and a good network – and he has been busy for years. These cancellations caught him by surprise. He will have to layoff his workers until he finds work.

This story is happening all across the country. This is a sudden stop for the US economy like nothing I’ve ever seen.

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