Normalcy: A thing of the Past? – Live with Gabriella Heffesse

Published on
April 30th, 2020
Duration
60 minutes

The Reopening – Live with Raoul Pal & Christophe Ollari


Normalcy: A thing of the Past? – Live with Gabriella Heffesse

Live ·
Featuring Gabriella Heffesse

Published on: April 30th, 2020 • Duration: 60 minutes

As countries around the world begin to lift restrictions in the hope of returning to some semblance of life as we used to know it, we must address the only question that is worth asking now - what does “normal” look like on the other side of COVID-19? With the virus still looming above humanity’s head like a lion waiting to pounce on its prey, is it reasonable to assume that we will all return to our favorite pastimes? Will we go back to crowded restaurants, bars, hotels, movie theaters and airplanes? The answer to this question represents perhaps the single biggest risk to the global economy and its prospective recuperation. Consumer behavior will dictate the length, depth and severity of what is yet to come. In order to better understand this, Gabriella Heffesse, chief operating officer at ACG Analytics will be joining Ed Harrison in this segment of Real Vision Live for a deep dive into the depths of the hospitality industry and the many variables that will impact our lives moving forward. 

Comments

Transcript

  • SB
    Stewart B.
    14 May 2020 @ 09:50
    Spot on. Please have Gabriella back.
  • VM
    Vinnie M.
    10 May 2020 @ 17:37
    A lot of these hospitality employees and other industries WILL FIND THEY WILL NOT BE NEEDED FOR GOOD.. LOOK OUT MAD MAX economy ( not that bad BUT REAL BAD) 2022-2029 WILL BE THE TIME FRAME the can stops being kicked and THIS CRUMBLES. THEN IS THERE A DEBT JUBILEE? This could bail us out later on but at what cost/? Its states like FL who leach off tourism and will see counting on suckers to overpay for crap on vacation and businesses wasting money on conferences will they come back fast enough?
  • CC
    Charles C.
    4 May 2020 @ 22:12
    Great interview. She has an amazing breadth of knowledge
  • SS
    Shanthi S.
    4 May 2020 @ 08:07
    She’s great!!
  • NH
    Neil H.
    3 May 2020 @ 17:42
    It was so freshing to see a bright young lady exposing her views. Her parents should be very proud of her.
  • II
    IDA I.
    3 May 2020 @ 11:23
    Yes people will save more as it has dawned on everyone that the FED doesn't control all events
  • II
    IDA I.
    3 May 2020 @ 09:10
    Great, thanks so much
  • FD
    Frank D.
    3 May 2020 @ 07:38
    Great interview, thank you.
  • YB
    Yuriy B.
    3 May 2020 @ 02:05
    Gabriella: brilliant stuff as usual. We all want to hear your views on airlines and whatever else comes to mind! Unfortunate that you had to be cut off. Please update FNMA/FNMAS sooner rather than later!
  • DN
    David N.
    2 May 2020 @ 23:48
    Gabriella does a terrific interview with Ed. My god she is so knowledgeable and insightful. Great job - and I can't wait for the Fannie and Freddie follow-up!
  • LH
    Leigh H.
    2 May 2020 @ 22:33
    That was fabulous. Thank you both.
  • DL
    Dominic L.
    2 May 2020 @ 21:20
    Would love to hear more from RV on real estate (esp in US) as investment over upcoming months/years. Especially in context of inflation/deflation debate.
  • TP
    Timothy P.
    2 May 2020 @ 17:02
    I was with the interview until the subject of China demand came up. Anyone relying on China's goal-seeked numbers is making a huge mistake. We're talking about a nation that has a history of fudging their GDP, among other things. They even started gaming the electricity consumption metrics, by asking factory managers to run equipment even though there weren't any workers there to make products. I agree with Kyle Bass' thesis that the RMB is the largest currency printing experiment that has ever existed, contained in a pressure cooker controlled by the CCP. They have a closed capital account, and they don't dare let the RMB float, because no one would want it. As for Govt stimulus to keep things holding together -- its the worst of both worlds, govt incompetence at the state and federal level, while a majority of Americans were living paycheck-to-paycheck, waiting for some kind of assistance. If you put government in charge of deserts, they'd run out of sand. So you have increasingly desperate citizens trying to weather an economic carpetbombing, where they didn't have much in savings (if any) to begin with. I agree that most small businesses aren't going to make it, and with it another impulse of unemployment will result with the ones shuttering their takeout-delivery business. (Which is hardly enough to keep the lights on, much less pay a lease/property taxes.) The knock-on effects of this economic ice age will be many and persistent. Interesting interview.
    • TP
      Timothy P.
      2 May 2020 @ 18:54
      To further supplement my point, here is a chart of asia pacific consumer confidence. https://tme1.fra1.digitaloceanspaces.com/images/a2d368db313cdc998aa38a7065904bc9 Guess what doesn't look like it belongs? The China plot, of course.
  • DO
    David O.
    2 May 2020 @ 04:43
    I thought this was really insightful! Awesome interview RV
    • RM
      Richard M.
      2 May 2020 @ 13:54
      Agree, Gabriella is super sharp and always interesting to listen to. And of course Ed did his usual great job!