Cumberland Advisors Guest Commentary - Maybe the World is not Ending! - btbirkett@gmail.com - Gmail
We do see a world of innovation in the aftermath of the virus. The shift to online retail consumption and delivery has advanced significantly as many brick and mortar operations are closed – and many will remain so. The same is true of office space, where firms will certainly re-evaluate the importance of having everyone in one place – especially in densely populated areas where rents are highest. Office space’s future may look like retail real estate now. Will workers get to write off half their rent (or will firms pay it) if they work from home? There are huge tax implications ahead. Schools are also likely to see substantial changes. Some will make up the time recently lost. Others will not. Summer school, online schools, testing, grades and graduation are all likely to face innovations. And changes may be coming to higher education as well, as its dependence on foreign students faces an uncertain future.
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